Quote:
Originally Posted by freebeard
A good business practice.
Wasn't Venezuela at 4 cents a gallon or something?
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CAR and DRIVER used to publish an assortment of global retail fuel prices.
In September, 1973, the US Air Force was paying:
* 11-cents / gallon JET-Fuel JP-4
* 12-cents / gallon MOGAS
* 13-cents / gallon AVGAS 115- 145 Octane
* Retail Diesel was 18-cents / gallon ( Southern California )
* Retail Regular Leaded gasoline, 25-cents / gallon ( Southern California )
* Wellhead price, West Texas Intermediate Crude, $ 3.00 / barrel
* Wellhead production cost, $ 2.90 / barrel
* Wellhead production cost, Saudi Arabia ( ARAMCO) $ 0.25 / gallon
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*Early to mid-1990s, Venezuela might have been $ 0.13 / gallon ( US Dollars )
* Exxon gasoline, refined on Oahu Island, and exported 2,561-miles to California, from Hawaii, sold in Yosemite National Park, for less than in Honolulu.