United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2005-09-21 monographic deposited born digital 24 p. GA 1.13:GAO-05-1047T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-1047T P0b002ee180382ba4 f:d051047t DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-05-1047T machine generated eng fdlp REPORT GAOREPORTS-GAO-05-1047T GAO-05-1047T Cost analysis Crude oil Economic analysis Fuel prices Gasoline Oil importing Petroleum industry Petroleum prices Petroleum products Petroleum refining facilities Prices and pricing Testimony A37637 Soaring retail gasoline prices have garnered extensive media attention and generated considerable public anxiety in recent months, particularly in the aftermath of Hurricane Katrina. Prices in many areas hit by the hurricane saw retail gasoline prices increase to over $3.00 per gallon, and in one reported case to almost $6.00 per gallon, with some gasoline stations running out of gasoline entirely. The availability of relatively inexpensive gasoline over past decades has helped foster economic growth and prosperity in the United States, so large price increases, especially if sustained over a long period, pose long-term challenges to the economy and consumers. This testimony, as requested, addresses factors that help explain how gasoline prices are determined and what key factors will likely influence trends in future gasoline prices. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-1047T/html/GAOREPORTS-GAO-05-1047T.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-05-1047T/pdf/GAOREPORTS-GAO-05-1047T.pdf GAO-05-1047T https://www.govinfo.gov/app/details/GAOREPORTS-GAO-05-1047T Testimony GAO-05-1047T; Energy Markets: Gasoline Price Trends; Cost analysis Crude oil Economic analysis Fuel prices Gasoline Oil importing Petroleum industry Petroleum prices Petroleum products Petroleum refining facilities Prices and pricing