Prices Impact at the Pump?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 […]

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 […]

General  Oil and Gas Specific  When companies repurchase stock, they are supporting the equity value of the company. This in turn helps the owners of the companies – retirees, future retirees and millions of Americans who have invested their hard-earned savings on the expectation of a reasonable return on their investment.

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.