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Old 05 July 2014, 08:07 PM
jimmy101_again jimmy101_again is offline
 
Join Date: 29 December 2005
Location: Greenwood, IN
Posts: 6,912
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The ~$0.05 worth of oil per bottle is probably pretty close but you probably need to also take into account what fraction of the crude is actually used to make plastics. (Not fraction as in percent so much as in fractionation fraction of the crude oil.) Most crude oil goes to gasoline, diesel and fuel oil production I believe. The rest (the part that is unusable as a fuel) goes to plastics. In some cases that fraction is basically waste product and the true cost is very low since otherwise the refinery would have to dispose of that fraction as industrial waste.

Way way back when, in the US, diesel was a fair bit cheaper than gasoline. That was because the demand for diesel was much lower than gasoline but a barrel of oil produces a set amount of both fractions. Refineries had to sell the diesel at a discount just to get rid of it.
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