Crude oil prices have reached ~$100. I think this translates to a retail price of around $3.40 to $3.60 per gallon, computed as follows:

$100 / 42 gallons per barrel = $2.38 wholesale, unrefined cost

Other costs are variously estimated at about $1.00 to $1.20 per gallon:

$0.40 refinery cost
$0.49 tax
$0.04 delivery
$0.10 gas station profit

$1.03 approximate total

- Jed

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