Posts Tagged ‘oil production’

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    High and Low Gas Prices

    Mar 16, 12 • 182 Views • Demand, Supply, and Markets, Households, Macroeconomic Measurement, Regulation, UncategorizedNo Comments

    Why is the average price of a gallon of regular gasoline in Wyoming close to $3.36 and New York, $4.00? Location and regulation. Wyoming produces oil, it refines it, and, its taxes are among the lowest in the country. Also because of good location and less