The cost to produce and deliver Petroleum to consumers includes the cost of crude oil to refiners, refinery processing costs, marketing and distribution costs, and finally the retail station costs and taxes.
- Extraction
- Transported to Oil Refineries
- Refined by Distillation
- Transported to different Places for use
- Taxes
The image compares the component of price of each of the processes in the final price of petroleum for two consecutive years , 2001 & 2002.
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