President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity
Green Car Congress
JUNE 23, 2022
That figure is down from 141 refineries in 2017, with 4 idle. 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. However, the cost of refining in other nations is currently higher.
Let's personalize your content