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Also, pipelines that bring refined gasoline from the Gulf Coast area to the Northeast are not operating because power failures.
The pipeline, at least theoretically, could also increase exports of refined gasoline and diesel for export, especially to Mexico.
In his new budget proposal, Mr. Obama is proposing a $10-per-barrel 10-per-barrel 10-per-barrelnslate into about 24 cents per gallon ofeeefined gasonine.
Complicating matters further, Reliance is one of the biggest suppliers of refined gasoline to Iran and could be targeted under congressional efforts to cut off Iran's supply of gasoline.
Iran imports roughly 40percentt of its domestic gasoline consumption at world prices and then sells it along with domestically refined gasoline at a government-subsidized price of about 40 cents per gallon.
The case for taxing crude oil or refined gasoline in order to pay for transportation infrastructure begins with fairness: Those who use the roads should help pay for them.
Similar(30)
The United States also imposed sanctions on companies involved in Iran's nuclear industry, as well as on its petrochemical and oil industries, adding to existing measures that seek to weaken the Iranian government by depriving it of its ability to refine gasoline or invest in its petroleum industry.
One of 4 sons of Fred Koch, who invented method of refining gasoline from heavy oil.
Two sons of Koch Industries founder Fred C. Koch (d. 1967), MIT grad who invented method of refining gasoline from heavy oil.
Refining gasoline from tar sands produces more climate warming greenhouse gases than processing conventional crude oil.
Selling and refining gasoline in California simply costs more than in other states.
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