Posts tagged “Oil Pipeline”
I have been traveling for the past week and have not had a chance to do an episode of R-Squared Energy TV. It will return next week. For this week, I thought I would share the video for a recent appearance I made on Insights on PBS Hawaii. The topic was The Price of Gas:
As gas prices continue to climb, Hawaii drivers are experiencing pain at the pump. Guests will discuss the forces that affect global gas prices and why Hawaii has the highest prices in the nation. The panel will also explore energy alternatives that could help reduce the islands’ dependency on foreign oil, as well as innovative solutions from the auto industry.
I was joined on the program by host Dan Boylan and guests Patrick “Rick” Ching, President of Servco Automotive; Richard Parry, President and CEO of Aloha Petroleum, Ltd.; and Kang Wu, Economist and Senior Fellow at the East-West Center.
Gasoline prices differ substantially across different parts of the United States. For example, the average price in Illinois is currently 70 cents/gallon higher than that in Wyoming, and California motorists pay 86 cents/gallon more than the folks in Wyoming. Why is that? Source: GasBuddy.com. The biggest single factor is taxes. The tax on a gallon of gasoline in Illinois is 25 cents higher than in Wyoming, while the California tax is 35 cents higher. Source: American Petroleum Institute. But that still leaves 45 cents of the Illinois premium and 51 cents of the California premium unexplained. Political Calculations has created a map of average gasoline prices once you subtract out taxes. (His original map, like that from GasBuddy above, also… Continue»