3 ms·
Transportation and Taxes alone would prevent it getting that low. https://gaspricesexplained.com/#/?section=whatconsumers-are-paying-for-at-the-pump https://ga
by Dork1234 5y ago
Transportation and Taxes alone would prevent it getting that low.
https://gaspricesexplained.com/#/?section=whatconsumers-are-paying-for-at-the-pump https://gaspricesexplained.com/#/?section=whatconsumers-are-...
Refiners can also switch to diesel and/or heating oil which appears to be in just as high as demand as before Covid.
- tenpies 5y agoI would add that taxes are now a higher proportion of fuel costs - and will probably continue to become so as more carbon and emissions taxes are passed. Of course, this is assuming oil prices don't go parabolic, which they may given our self-destructive energy policies. Wikimedia has an awesome chart with 2022 data for each US state's tax burden on gas prices for example: https://upload.wikimedia.org/wikipedia/commons/e/e9/Gasoline_Diesel_Taxes.webp https://upload.wikimedia.org/wikipedia/commons/e/e9/Gasoline...