Another Voice: Why is gasoline expensive? ...Middle East

Ukiah Daily Journal - News
Another Voice: Why is gasoline expensive?
The short answer is: we are running out of affordable oil. On March 28, 2022, the California Energy Commission reported gasoline averaged $5.76 per gallon: 14 percent for local, state, and federal taxes, 41 percent for refining and distribution, and 45 percent for the crude oil.  Taxes are fixed percentages, and refining and distribution costs are relatively stable.  However, the price of crude oil has ranged between $32 and $115 per barrel in the last 2 years In the beginning, a driller could literally pound a hole in the ground, and oil gushed out under pressure.  The easiest fields were developed first, but drilling technology improved, giving access to deeper deposits.  As a field mature

Hence then, the article about another voice why is gasoline expensive was published today ( ) and is available on Ukiah Daily Journal ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Another Voice: Why is gasoline expensive? )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News


Latest News
before 5 minute