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Major costs and obstacles impacting the entire oil supply chain, from oil producers, refiners, to gas stations, are driving up gas prices. Understanding the oil supply chain and its challenges helps to better understand the causes of high gas prices. In the latest edition of the Center for Energy, Climate, and Environment’s PowerCast, leading experts discuss issues such as onshore and offshore leasing, pipelines, refining, and basic economics affecting prices. They dispel harmful myths about gas prices, such as alleged price gouging, and also identify some of the Biden administration policies driving up gas prices.
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