The primary factors impacting gasoline prices are global crude oil cost (61%), refining costs (14%), distribution and marketing costs (11%) and federal & state taxes (14%), which are generally reflected in the wholesale costs that gasoline retailers pay to distributors. In addition to these factors, retail stations have to address local factors that can impact […]

The industry does not condone price gouging. No one supports anyone taking advantage of people dealing with an inter/national crisis. Often the proposed cure for high prices – anti-price gouging legislation – is worse than the problem it seeks to solve. Such proposals seek only to influence price while ignoring the fundamentals of supply and […]

Companies rely on investment by individuals and institutions (e.g., pension funds) to finance their operations and grow. These individuals and institutions expect a return on their money. Companies must invest their profits to grow – by expanding business lines, investing in research and development (R&D), and attracting and retaining talent.

The tax dollars from the oil and gas industry fund vast portions of the economy, from schools to public safety. In the last 20 years, over $3 trillion of the industry’s capital has been invested to meet the growing demand for energy. The energy industry’s tax rate averages 38.7 percent, compared to other sectors’28.2 percent.