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	<title>Sightline InstitutePaying For Petroleum - Sightline Institute</title>
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		<title>Paying For Petroleum</title>
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		<pubDate>Tue, 15 Mar 2005 12:54:36 +0000</pubDate>
		<description><![CDATA[US gasoline prices are about to set a new record, at least in nominal terms. Prices are highest on the West Coast, where a gallon of gasoline currently sells for $2.29, on average. As we&#8217;ve pointed out before, the Northwest doesn&#8217;t produce any of its own gasoline. We refine it, sell it, and tax it, but over half of the cost of gasoline is the crude oil itself (click on...]]></description>
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