What Are Americans Paying For At The Pump?


by Christian Stellakis on Jul 24, 2014 | Views: 33 | Score: 0
Percent of the cost of gasoline ... Crude Oil63
Refining16
Excise Tax11
Transportation and Retailing10
Sources: api.org
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Christian Stellakis
Christian Stellakis on Jul 24, 2014 11:41 PM said:

With the national average price for regular gasoline at $3.55, many Americans bemoan the high prices at the pump. There are four significant factors that influence the cost people pay to fill their tanks, though the price of a gallon of gasoline is most strongly influenced by the price of crude oil.