Tom Butt
  E-Mail Forum – 2022  
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  The Price of Gas
June 2, 2022

I was recently in Arkansas, about 500 miles from the closest refinery. Gas prices are about half what they are in California, where I live across the street from a refinery. I have been shopping for an electric vehicle (I have a hybrid now), but the ones I want are not available. Something is wrong here.

Figure 1 - Caption: "Arkansas Gas Prices Reach Record High"

Figure 2 - California gas price almost twice that of Arkansas

Figure 3 - According to this breakdown, the costs of crude oil is the largest component of gasoline cost.