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I wouldn't call it marginal (it's about 7% for the eletrical grid). See https://www.nema.org/Products/Documents/TDEnergyEff.pdf



Marginal doesn't necessarily mean small, but that it's proportional to the overall cost. In economics your fixed costs (eg the cost of building and equipping a factory or an oil field or whatever) go down as a percentage of unit price as you produce more goods, whereas your marginal costs are a function of production (eg transmission losses, taxes, raw materials, labor-per-piece).


Merely refining oil into gasoline already has an efficiency of less than 90%.




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