[thackney]

The percentage of the retail price for gasoline that represents the real cost of crude oil, is a small fraction.

By small fraction, you mean more than half?

[EagleUSA]

By small fraction, you mean more than half?
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Your model looks like it was created by the oil companies...:-) --- it leaves out profits at the manufacturing, wholesale and retail levels. No way that crude is near 55%. Not at todays inflated prices.