Freeman Spogli Institute for International Studies Program on Energy and Sustainable Development Stanford University


PESD News



January 4, 2011

Wolak quoted in CNN Money on high US gas prices and its profitability in the West

in the news: CNN Money on January 3, 2011

Gasoline prices fluctuate within the U.S. partly because the West requires cleaner fuel (a more expensive gas mixture) than other parts of the country. There are a limited number of refineries capable of making the specific mixture required for the Western gas market and as a result, the few capable refineries are profiting from the less competitive market.