President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity
Green Car Congress
JUNE 23, 2022
Operable capacity for the refineries is 17,789,010 barrels per calendar day in 2022, down from 18,976,085 in 2020. 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. As of 10 June, EIA reported 93.7%
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