Gas Prices Not Affected by Oil Imports

GAS PRICES ARE NOT AFFECTED BY HOW MUCH OIL A COUNTRY IMPORTS $3.40 Belglum: 100% $781 $3.19 France: 93% $7.45 $3.08 Germany: 88% $7.55 $3.29 United States: 44% $3.70 Prices without taxes Taxes $3.42 Canada: ON $4.84 Gas Prices: USD per Gallon (2011) Souces: CIA Worid Fact Book US Enengy information Administuton (EIA, Nanural Resources Canada THE PRICE OF CRUDE OIL MAKES UP 67% OF THE RETAIL GAS PRICE IN THE U.S. Taxes 11% - Distribution & Marketing 6% - Refining 16% DOMESTIC SUPPLY DOES NOT INFLUENCE THE GLOBAL PRICE OF CRUDE OIL Crude Oil 67% These factors push crude oil prices up Source: EIA GLOBAL SUPPLY DOWN GLOBAL DEMAND Moje cars & consumption Gas Price at the Pump in oil producing regions OPEC production low NVESTORS BUY OIL ion about above above factors Lower Crude Oil Prices Higher Crude Oil Prices OCEANA © 2012 Sylvia Liu, research by Oceana, flag graphics igoflags.com These factors push crude oil prices down GLOBAL SUPPLY UP OPEC production high New production up GLOBAL DEMAND D gecessions Aiteimetive Fuels Up INVESTORS SELL speculation abour factors Share of Oil Consumption that is Imported (2009) oog saguouo GAS PRICES ARE NOT AFFECTED BY HOW MUCH OIL A COUNTRY IMPORTS $3.40 Belglum: 100% $781 $3.19 France: 93% $7.45 $3.08 Germany: 88% $7.55 $3.29 United States: 44% $3.70 Prices without taxes Taxes $3.42 Canada: ON $4.84 Gas Prices: USD per Gallon (2011) Souces: CIA Worid Fact Book US Enengy information Administuton (EIA, Nanural Resources Canada THE PRICE OF CRUDE OIL MAKES UP 67% OF THE RETAIL GAS PRICE IN THE U.S. Taxes 11% - Distribution & Marketing 6% - Refining 16% DOMESTIC SUPPLY DOES NOT INFLUENCE THE GLOBAL PRICE OF CRUDE OIL Crude Oil 67% These factors push crude oil prices up Source: EIA GLOBAL SUPPLY DOWN GLOBAL DEMAND Moje cars & consumption Gas Price at the Pump in oil producing regions OPEC production low NVESTORS BUY OIL ion about above above factors Lower Crude Oil Prices Higher Crude Oil Prices OCEANA © 2012 Sylvia Liu, research by Oceana, flag graphics igoflags.com These factors push crude oil prices down GLOBAL SUPPLY UP OPEC production high New production up GLOBAL DEMAND D gecessions Aiteimetive Fuels Up INVESTORS SELL speculation abour factors Share of Oil Consumption that is Imported (2009) oog saguouo