Replies to post #18076 on Plastic2Oil Inc (PTOI)

[stocker11]

Posted by: ded60 Date: Thursday, December 31, 2009 1:07:13 PM
In reply to: None Post # of 18077

Part of peoples confusion about how much the P2O end product should sell for are thinking gas is worth 3.85 a gallon or whatever its at now. Don't forget a crapload of that is taxes.

That was me suggesting that.
42 U.S. gallons in a barrel x $3.85 per gallon retail price = $136.50. Even if we doubled the price to $20.00 a barrel to refine P2O to gasoline quality at the P2O sites and we accounted for $11.34 dollars (state tax per barrel) and $7.56 (federal tax per barrel)that would still be only be $38.90 total cost per barrel of gasoline. JBII could realize about $100.00 more per barrel should he be able to refine P2O to gasoline quality and sell direct to the public from the various P2O sites + pak-it products as well. I know there would be other initial costs and licencing but worth a look in my opinion.