4 ms·
You should investigate. At least $1.21/gal of that is going to the government. State/Federal gas tax + sales tax + regulatory fees and other regulatory fees. Al
by singlow 5y ago
You should investigate. At least $1.21/gal of that is going to the government. State/Federal gas tax + sales tax + regulatory fees and other regulatory fees. Also California mandates specific formulations which adds to the costs compared to other locations, and add to that the general increased cost of any operations in the state, including higher wages. That extra cost you pay is not going to the ones pulling crude out of the ground. Not saying that Venezuela isn't mismanaging its natural resource revenue, but your high prices are not a contradiction of the fact that their revenue is impacted by an historically low crude price.