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Thursday, February 24, 2011

Even Before the Unrest in the Middle East, Higher Gas Prices Were Projected

Price BreakdownThe price of gasoline is comprised of four components that can be influenced by a variety of factors. Assuming a price of $3.11 per gallon, here in an approximation of where your money goes, according to the department of energy in December of 2010:
  • $2.11 - Crude oil production
  • 44 cents - Taxes
  • 25 cents - Marketing & distribution
  • 31 cents - Refining


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/02/01/investopedia50548.DTL#ixzz1EuGnAWzt

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