Wholesale price is far far far lower than 1.50 before taxes and markups. A 42-gallon barrel of crude oil (measurement used) after distillation, is 20 gallons of gasoline, 12 gallons of fuel oils, mainly diesel. Its back up to $34 dollars a barrel today : https://markets.businessinsider.com/commodities/oil-price?type=wti Thats about 1 dollar a gallon for gasoline and diesel, not 1.50 TAXES? Some states state and federal taxes are very high and even FIXED PRICE, not percent, like in michigan, adding 1.42 of welfare money per gallon, to pay for things for black people, added to gas prices.