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Governor Gavin Newsom claims oil companies are price gouging, which is the reason that gasoline prices are almost $2 more than the national average price in his state. Californians are paying almost $5 a gallon for regulated unleaded gasoline, while the nation is averaging $3.25 a gallon. Newsom does not believe that California’s high taxes […]
A new threat to U.S. refining may be looming. A proposed Environmental Protection Agency (EPA) rule on hydrofluoric-acid-based alkylation could spur a round of refinery closures as the cost of replacing hydrofluoric acid based alkylation with alternatives is extremely high. EPA is considering adding amendments to its Risk Management Program (RMP) regulation that could effectively eliminate the […]
President Biden is grasping at straws to reduce gasoline prices because he refuses to let the American people have access to oil and gas on their lands or modify regulations to encourage new refineries to be built. Instead, he has asked Congress to pass a gasoline tax holiday lifting the 18.4 cent federal tax on a […]
China is surpassing the United States this year as the world’s largest refiner as government climate goals and regulation cause U.S. refiners to close facilities. China is expected to have 18.81 million barrels per day of refining capacity while the United States has 17.7 million barrels per day of operating refinery capacity and about 0.4 million barrels per day […]
A recent report by the National Resource Defense Council (NRDC) makes the case that Americans should reject the Keystone XL pipeline because its construction would raise gasoline prices in the U.S. The NRDC report is based on absurd economic arguments and distorted analysis from another research group. Most ironic of all, NRDC has been […]
WASHINGTON D.C. — The American Energy Alliance released a white paper today detailing the factors that contribute to the rising cost of gasoline — a combination of crude oil costs, taxes, distribution and marketing, refining costs, infrastructure issues, and regulations. The white paper, entitled “Rising Gasoline Prices and the U.S. Refining Industry” combines the […]