What Goes Into The Price Of Gas?
When you fill up at the pump, how much of the wallet you’re emptying goes towards the actual gas, and how much goes towards other stuff? Blogger FiveCentNickel crunched the Department of Energy numbers:
73% – Crude oil
11% – Federal and state taxes
10% – Refining costs and profits
6% – Distribution and marketing
He’s also got a cool graph showing how this ratio has changed from 2001-2008.
What Goes Into the Price of Gas? [FiveCentNickel]
(Photo: amyadoyzie)
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