President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity
Green Car Congress
JUNE 23, 2022
Monthly data from the EIA shows that crude oil is 60% of the price of gasoline, 17% is refining costs, 12% is federal and state taxes, and 11% is distribution and marketing. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market.
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