![]() ![]() The primary factors impacting gasoline prices are global crude oil cost (61%), refining costs (14%), distribution and marketing costs (11%) and federal & state taxes (14%), which are generally reflected in the wholesale costs that gasoline retailers pay to distributors. What's Wrong with the White House claim on Gasoline Prices?.Digging into Crude Oil, Gasoline and Natural Gas Prices 3.0.Who Owns and Operates the Gas Stations?.The situation rather than political grandstanding that does nothing but discourage investment at a time when it's needed the most. Lawmakers should focus on policies that increase U.S.The price at the pump that Americans are currently paying is a function of increased demand and lagging supply combined with the geopolitical turmoil resulting from Russia’s aggression in Ukraine. Repeated in-depth investigations by the FTC have shown that changes in gasoline prices are based on market factors and not due to illegal behavior, and the American people are looking for solutions, not finger pointing.production and energy infrastructure and sending a clear message that America is open for energy investment. There is more policymakers could do to ensure access to affordable, reliable energy, starting with incentivizing U.S. We need not look further than the situation in Europe to see what happens when nations depend on energy production from foreign sources that have agendas of their own. The administration needs an energy-policy reset, and Europe is a cautionary tale. ![]() ![]() American producers are working to meet rising energy demand as supply continues to lag, but policy and legal uncertainty is complicating market challenges. Oil prices are at a seven-year high amid a persistent global supply crunch, workforce constraints, increasing geopolitical instability in Eastern Europe, the economic rebound following the initial stages of the pandemic, and policy uncertainty from Washington. Petroleum prices are determined by market forces of supply and demand, not individual companies, and the price of crude oil is the primary determinant of the price we pay at the pump.Gas Prices Explained Five Fast Facts About U.S. ![]()
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