Perplexing economics

Rising US gasoline prices once again are the topic of many current headlines. Gasoline pump prices already are 26¢/gal higher than a year ago and the peak summer driving season—which typically begins around Memorial Day—hasn't even started. Tensions in the Middle East, supply issues, and a rise in global oil demand all contribute their part to the current rise in oil prices, which accounts for nearly 75% of the price paid at the pump. Taxes account for about 12%, while refining, at 6%, and distribution and marketing, also 6%, round out the total price. At this writing, prices for West Texas Intermediate crude was hovering at $106-107/bbl, which is an increase of 10% from a year ago. Brent...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected