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Thursday, April 21, 2011

GAS PRICE PIE: Who Gets How Much

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Gas price breakdown: Where your money goes

Apr 21, 2011
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GANNETT -- You may be wondering what you are actually paying for in that high priced gallon of regular gas. 
The Energy Information Administration released a breakdown based on the most recent data they analyzed in February.
The average price then, was $3.21 a gallon.
-- 13 percent went to state and federal taxes.
-- Eight percent went toward everything that happens with the gas before it gets to the gas station, including: transportation, storage, retail sales and profits.
-- 14 percent went to refine that crude oil into gas.
-- But by far, oil companies pocketed the biggest share of the pie - 65 percent.

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