Why is the cost of gas so high?

The Hamilton Spectator - - OPINION - RE: The cost of gas

I can’t un­der­stand why the cost of gaso­line is so ex­pen­sive today. It is al­most as much as when oil was $140 per bar­rel. Today it is hov­er­ing around the $50 mark.

Here is what the re­finer gets from a bar­rel of oil. A bar­rel of crude oil is about 42 US gal­lons (168 litres). Oil re­finer­ies heat it to 370 de­grees Cel­sius; as the vapour rises it is trans­formed into var­i­ous oil prod­ucts. The lighter mol­e­cules of gaso­line, diesel or jet fuel con­tinue to rise un­til it is cooled and si­phoned into sep­a­rate hold­ing tanks. A bar­rel of crude oil can make about 19 US gal­lons of gaso­line, 10 gal­lons of diesel, four gal­lons of jet fuel and an­other nine gal­lons of other oil prod­ucts such as liq­uid petroleum gas, plas­tics, lu­bri­cants or heat­ing oil. Bruce Scott, Burling­ton

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