And it will be no less clearly calibrated in the gauge at your local gasoline pump.
Monetary malfeasance does eventually show up in goods prices, and over the past several years, citizens of the world have become reacquainted with inflation through nosebleed prices paid at the gasoline pump.
The Kempton Agassi and Huber proposals have this in common: They take advantage of the fact that energy bought from a central station power plant is cheaper than energy bought from a gasoline pump.
Mr. YERGIN: Ten years ago the thought that would happen in a Chinese oil market could possibly have had an impact on what motorists in America pay at the gasoline pump would have seemed just unrealistic.
Its ability to transport water and pump gasoline would also end.
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During the 40 years since the first oil crisis hit, the price of gasoline at the pump has increased an average of 7 percent per year.
Also, some Brazilian states (3 of 27) charge a lower VAT (Value Added Tax) on hydrous ethanol sold to Flex-Fuel cars compared to VAT imposed on gasoline at the pump.
While cheaper gasoline at the pump leaves a few more dollars in your pocket for other items, the reason behind the falling gas prices may not be such good news.
And so one of the things I did, because you have to remember, right after the fall of Saddam Hussein, there was no telephone service at all, no electricity at all, days-long line for gasoline at the pump.
Perhaps you could do a service to the American people and comment why Americans are not receiving the benefit of lower gasoline prices at the pump.
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We are seeing then the concurrent spike in the price of gasoline that Americans pay at the pump.
Were the industry to think things through and conduct its due diligence on this treaty, it would also be self-evident that LOST will impose severe costs on American oil companies, leaving the consumer stranded at the pump with even higher gasoline prices, after having been led to believe that salvation lies beneath the polar ice.
Consumer advocate Michael Shames, who runs a gasoline shopping Web site, says pulling up to the gas pump no longer packs the dread that it did a couple of months ago.
Light, sweet crudes are cheaper to pump, transport, and distill and produce more gasoline per barrel than other types of crudes so it generally goes for more dollars per barrel than others.
That will lead to a shortage of gasoline supplies, which will likely translate into higher prices at the pump.
The U.S. could cut oil imports by nearly 15% tomorrow without using less gasoline, invading a foreign country or driving up prices at the pump.
The two day plunge in crude and slightly lower wholesale gasoline futures prices are expected to at least slow the rise in pump prices, and perhaps push them back slightly.
The state imposes a tax of 25 cents a gallon at the pump plus a 7% gross receipts tax on the sale of gasoline at the wholesale level.
Much of the bill is funded by a gas tax, but the gas tax has not gone up in years on account of rising gasoline prices and fears that raising taxes would translate into higher prices at the pump for Americans, not for oil companies.
What amounts to the same thing: The advertised price on the pump would not be per gallon of fuel but per gallon of pure gasoline equivalent.
Sweet light crude oil yields the most gallons of gasoline per barrel of oil and since it has low viscosity and low density, it is comparatively inexpensive to pump, transport, and refine.
Sandy caused the price of gasoline futures to climb 10 cents to 15 cents a gallon, and a similar increase could unfold at the pump, Mr. Daco said, adding that any price spike would last just days.
But even those who want to sell E85 face problems just getting it to the pump, because there isn't a distribution system in place for ethanol like there is for regular gasoline.
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