User:Gcastillo16/Gasoline and diesel usage and pricing
 | This is the sandbox page where you will draft your initial Wikipedia contribution.
If you're starting a new article, you can develop it here until it's ready to go live. If you're working on improvements to an existing article, copy only one section at a time of the article to this sandbox to work on, and be sure to use an edit summary linking to the article you copied from. Do not copy over the entire article. You can find additional instructions here. Remember to save your work regularly using the "Publish page" button. (It just means 'save'; it will still be in the sandbox.) You can add bold formatting to your additions to differentiate them from existing content. |
Article Draft- Gas and Diesel Usage and Pricing
[edit]Other Factors
[edit]Another factor that contributes to gas prices is the Colonial Pipeline that was built in 1960's and was shut down in the United States in May 2021. This pipeline was 5 thousand miles long and ran from Houston, Tx to the New York Harbor.[1] The Pipeline was capable of carrying 2-3 million barrels a day from Texas to New York.[2]Shortly after the pipeline was shut down the gas prices rose to $3 per/gal, which hasn't been seen in the United States since 2015. In early 2021 the gas prices started rising, leading to an average of $3.09 per/gal at the end of 2021.[3] The gas prices average for 2022 is $3.78 per/gal across the United States.[3] Additionally, on March 31, 2022, the Biden Administration. [4]gave the order of giving 1 million barrels of oil a day for the next 6 months from the oil reserves which hold 714 million barrels.[5] These reserves were put into effect to ease the inflation of gas prices in the year 2022.
References
[edit]- ^ Sanger, David E.; Krauss, Clifford; Perlroth, Nicole (2021-05-08). "Cyberattack Forces a Shutdown of a Top U.S. Pipeline". The New York Times. ISSN 0362-4331. Retrieved 2022-04-18.
- ^ "Colonial may open key U.S. gasoline line by Saturday after fatal blast". Reuters. 2016-10-31. Retrieved 2022-04-18.
- ^ a b "U.S. All Grades All Formulations Retail Gasoline Prices (Dollars per Gallon)". www.eia.gov. Retrieved 2022-04-18.
- ^ Franck, Thomas (2022-03-31). "U.S. to release 1 million barrels of oil per day from reserves to help cut gas prices". CNBC. Retrieved 2022-04-20.
- ^ DiCamillo, Samanth Subramanian, Nate. "Where does the US stash its strategic oil reserves?". Quartz. Retrieved 2022-04-20.
{{cite web}}: CS1 maint: multiple names: authors list (link)