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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

Green Car Congress

Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market. Particularly on the East Coast, which has lost 70% of its pre-2009 refining capacity, incremental supplies have historically been imported from international markets to supplement domestic manufacturing.

Congress 259
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We Need More Than Just Electric Vehicles

Cars That Think

Credit the EV’s advantage to its greater efficiency in the conversion of chemical energy to motion—77 percent, compared with 12 to 30 percent for a gasoline car—along with the potential to generate electricity using low-carbon sources. Those tax revenues are necessary for the maintenance of roads. passenger vehicles.