What goes into my 4 dollar gallon of gasoline?
The video which follows offers a nice, albeit kind of silly breakdown of what goes into the price of a gallon of gas. We've pulled out the nuggets for those looking for a quick read on the component price of gas:
$ Price |
What For? |
Who For? |
| 5¢ |
Extraction of Crude |
State-run Oil Industry
- Saudi Arabia
- UAE
- Iraq
- Etc.
|
| $3.30 |
Market Pressures |
"The Market"
- Speculators
- Supply & Demand
|
| 13¢ |
Refining |
Refiners
- Petrochemical Co's
- Port Operators
|
| 45¢ |
Taxes and Fees |
Federal and State |
| 12¢ |
Marketing & Distribution
|
Retail Middle-men
- Gas Station Operators
- Trucking Companies
- Advertisers
|
| $4
|
... Grand Total ...
|
