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Discussion and Debate
Discussion and Debate
Politics
American Politics
US Government: We have a lot of oil
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<blockquote data-quote="Lee52" data-source="post: 60535045" data-attributes="member: 279819"><p>Actually today it would be US $8.73/US GAL with current exchange rate.</p><p>Still a great deal more than is paid in the USA.</p><p></p><p>That said, most of the price of a gallon of gasoline in the USA is tax, either federal or state tax. Very little of the pump price in the US is the cost of the crude, refining costs, and transportation costs.</p><p> </p><p>I would venture a guess that this is also true of Europe and most of the civilized world.</p></blockquote><p></p>
[QUOTE="Lee52, post: 60535045, member: 279819"] Actually today it would be US $8.73/US GAL with current exchange rate. Still a great deal more than is paid in the USA. That said, most of the price of a gallon of gasoline in the USA is tax, either federal or state tax. Very little of the pump price in the US is the cost of the crude, refining costs, and transportation costs. I would venture a guess that this is also true of Europe and most of the civilized world. [/QUOTE]
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US Government: We have a lot of oil
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