Where Your Gas Money Goes
Created on September 4, 2014
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Read the original report, "What Contributes to Gas Prices and Solutions to Help," by Nicolas Loris.
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Crude oil is the largest component of the cost of regular gasoline, accounting for at least 60 percent of the total over the past five years.
Source: U.S. Energy Information Administration, “Gasoline and Diesel Fuel Update,” http://www.eia.gov/petroleum/gasdiesel/gaspump_hist.cfm (accessed July 28, 2014).
CHART 1 • BG 2949
Tags: gas-prices, crude-oil, gasoline