manpower, and taxes. What does it cost to refine oil into gasoline? Although oil companies are reporting record total profits, their profit margin is actually falling (Calore, n.d.). Refining crude oil produces a wide variety of products from gasoline, kerosene, jet fuel, home-heating fuel, asphalt, and road oils. In addition, crude oil contributes to the manufacturing of petrochemical products such as plastics, polyurethane, and other petroleum-based products (Calore, n.d.). The refining process…
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