Thursday, June 23, 2011

30 million barrels of oil from Strategic Petro. Reserves = about 2 day supply of Gasoline

    U.S. gasoline demand is projected to average 9.12 million barrels per day in 2011. The 30 million barrels of oil that is being released from the Strategic Petro. Reserves equals just over a 2 day supply of Gasoline.

The markup on gasoline in 2010 was about 16.3 cents per gallon.
The federal excise tax on gasoline is 18.4 cents per gallon.

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