The price of fuel here as of today has jumped to $1.57 per lt. That's up 11.5 cents per litre from last month (yesterday). The excise on avgas currently stands at 2.85%, far below that of the petrol we purchase at the local servo.
That being the case you would expect avgas to sell for around the same price as petrol, or maybe even slightly cheaper.
When speaking to one of Shell's sales reps recently I queried this and I was more than a little suprised at his response.
He stated that in his opinion, the industry was being "ripped off" (his words not mine) and that the fuel companies would and are charging the maximum that they thought the industry could and would bare, or words to that effect.
Exxon recently annoucned a profit of $36 billion and I was bemused at the CEO trying to justify and explain away such a massive profit.
Now wonder he had trouble keeping a straight face.