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Archive Home > 2008 > June > 02 > We’re almost past the point of being able to reverse high fuel prices

We’re almost past the point of being able to reverse high fuel prices

By James Owen / The Bulletin
June 2, 2008

Oil has passed $126 a barrel. With 42 gallons of oil in every barrel, oil now costs more than $3 per gallon. A gallon of oil just sitting in the hold of a super tanker on the Red Sea costs more than $3. Add the fixed federal tax: 18.4 cents, and the Oregon state tax: 24 cents. That’s a....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.