3min chapter

Planet Money cover image

Breaking down the price of gasoline

Planet Money

CHAPTER

Oil Companies Are Making a Killing Off Gas Prices, Right?

We're paying $100 a barrel for crude oil in the U.S., but most of it can be produced for less than $20. The difference between the two, $60 a barrel in the US, that is all profit going to the oil companies. Some people say we should do something with this luck: We should tax this luck.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode