Wednesday, April 20, 2011

What makes up the price of U.S. gasoline?

by Ken Cohen

just how much does the price of crude impact U.S. gasoline prices? In November 2010, when the average retail gasoline price was $2.86 a gallon, crude oil accounted for 71 percent of that price.

So what makes up the other 29 percent of gasoline prices? According to the Department of Energy, combined federal and state taxes on gasoline accounted for 14 percent of the average price. The remaining 15 percent of the price on average covers the costs of refining, transportation and marketing. The DOE chart at left shows this average price breakdown.



http://www.exxonmobilperspectives.com/2011/01/13/what-makes-up-the-price-of-u-s-gasoline/

No comments:

Post a Comment