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What am I paying for in the price of a gallon of gasoline?
I’m asked this question a lot. And I know a lot of drivers ask themselves this question when they pull up to the pump. The answer is based on the economics of supply and demand and how products are manufactured and sold – along with what the government takes in taxes. Let’s take a look, based on the U.S. Energy Information Administration’s breakdown of the estimated average price of a gallon of gas in December 2011, which was $3.27.

Recent posts

The facts about Keystone XL

January 19, 2012 | Posted by Ken Cohen
The facts about Keystone XL

Yesterday, President Obama announced that he had rejected the permit for the construction of the Keystone XL pipeline. The decision came despite the State Department’s rigorous study showing that the Keystone XL pipeline would pose no undue risks to people or the environment – neither by the type of crude it would be carrying, nor by the safety of the pipeline itself.

More U.S. jobs thanks in part to shale natural gas, White House report finds

Earlier this week, I talked about how growing production of shale natural gas is spurring a “renaissance” in U.S. manufacturing. Yesterday, that “renaissance” was the talk of the White House. There, President Obama held a forum recognizing the influx in U.S. manufacturing jobs and investment and released a report detailing the reasons behind this positive trend.

Shale gas: A one-million job renaissance for American manufacturing

Amid all the concern expressed about a decline in the United States’ manufacturing base in recent years, a positive turn of events is helping drive a comeback in this critical sector of the American economy: shale natural gas. A recent study by PricewaterhouseCoopers, “Shale Gas: A renaissance in US manufacturing?”, sums up two main reasons why exponential growth in U.S. shale gas production is giving a much-needed boost to U.S. manufacturers.

Study sums up the extraordinary performance – and potential – of U.S. shale gas

$76 billion share of U.S. GDP. $33 billion in capital investments made. $18.6 billion in federal, state and local government tax and federal royalty revenues. 600,000 jobs supported. And that was just in 2010. These impressive stats sum up the economic contributions of U.S. shale gas production in 2010, according to a recent study from IHS Global Insight. But even better outcomes are yet to come, the study’s findings show.


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