Marathon
This question would be better answered either a) if the case had been supplied or b) if I was a petroleum production engineer.
In order to determine the impact of changes in the price of crude on the price of gasoline at retail, the different cost components need to be considered. The U.S. Energy Information Administration outlines the different components that contribute to the retail price of gasoline. The four key drivers of gasoline prices are the price of crude; refining costs and profits; distribution and marketing costs and profits; and taxes. There are also profit margins to retailers and possibly other actors in the industry as well that need to be considered. All told, as of 2009 the breakdown of the different components assuming an average price per gallon of $2.34 at retail was as follows: 61% crude oil, 18% taxes, 11% refining costs and 10% distribution and marketing. Historically, the price of crude oil was 51% of the price of a gallon of gasoline from 2000-2009. Using these figures, we can calculate the sensitivity of the price at the pump compared to the price of crude.
Historic value: 51% @ $2.09 per gallon = $1.0659 per gallon in crude costs.
2009 value: 61% @ $2.34 per gallon = $1.4274 per gallon in crude costs.
Thus, when the price of crude per gallon increased $0.3615, the price at the pump increased $0.25. There was a slight reduction in distribution and marketing contribution to the price at the pump (1.68 cents), a significant decline in refining costs (5.61 cents) and a decline in the tax take per gallon as well (3.86 cents). This indicates that when the price of crude increases, the refiners and even governments see their take reduced, and this allows the price at the pump to increase less than the price of crude. There will come a point, however, when margins cannot be squeezed any further, and it is at this point when an increase in the price of crude will be passed along directly to...
Marathon Oil Course Number & Name: Relationship between retail price of gasoline and price of crude oil In USA gasoline accounts for 50% consumption of petroleum products therefore it is closely monitored by public and research pundits. It is found that, there is asymmetric relationship (asymmetric defined: where one has much more power than the other or putting it differently, when two halves are not equal or same) between retail gasoline prices and
Where Google relies on search terms to trigger the display of a given AdWords advertisement, it can be seen how Facebook wanted to create the equivalent advertising business model through the use of social networking and interactions triggering which ad was shown. The ethics however of tracking visits and activities on affiliate sites of current and previous Facebook members, in addition to monitoring those visitors who have never opted in to Facebook yet are being monitored
Sharon Olds Certain eternal questions haunt every human being: are we just body, or body and soul? We are born alone and die alone -- but are we truly alone in this universe? Is there a God? How deep is love, how genuine, how real, and can it be everlasting? In the extraordinary, haunting poem, "Sex Without Love" by Sharon Olds, the mere choreography of sex raises the deepest questions about
Athletic Training Whether to win marathons or to make it to the state football championships, all athletes need some form of training. Lately, increased focus has been placed on the specific importance of weight, or strength, training for the overall conditioning of a casual or professional athlete. The terms "weight training" and "strength training" are technically different, but often the two terms are often used interchangeably. Typically, weight training implies the
Dark Age and the Archaic Age Having watched the lectures for the prior learning unit on video, I was prepared to enjoy the video lecture presentation for this learning unit. I previously found the presentation of lectures in the video format to be very convenient because I could observe at my own pace, rewind if I missed part of the lecture, have flexibility about when I was viewing the lecture, and
3.4 Finally, I am interested in whether or not there is a trickle-down effect from leftist or rightist politics style at the provincial and federal levels. 1.3 Objectives 1.3.1 There are two major objectives for this research. The first is to compare the level of motivation among secondary school teachers under the Vancouver British Columbia School District in Canada by their socio-demographic and organizational factors. My hypothesis in advance of investigating this is
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