Pump Pains

PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar ( SO |$40 per year to run Gas-Powered Vehicle $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II PUMP PAINS 20 WHAT'S DRIVING GAS PRICES TODAY? Every day a number of factors affect the fluctuating price of retail gas. We explore what those factors are and why they change. WHERE THE GAS DOLLAR GOES To understand what determines the price of retail gas, we have to look at what we're paying for. As of June 2011, the average price for a gallon of regular gasoline was $3.68. Here's how it breaks down. What We Pay for in a Gallon of Regular Gasoline 2o O Taxes 11% l Distribution & Marketing •- - ... 11% Refining --- 12% Crude Oil •- - - - 66% (As of June 2011) WHAT DETERMINES THE PRICE AT THE PUMP Cost of Crude Oil Refining Costs and Profits Crude oil is the primary raw material used to produce gasoline. Because Due to different gasoline formulations required in different states, the crude oil is a commodity traded on the global market, its price varies price to refine gasoline varies widely by region. Additionally, the cost of widely based on supply and demand. gas can be affected by the cost of the other ingredients added into it, such as ethanol. Factors Affecting Supply Boutique Gas There are currently 18 different formulations of gasoline mandated for Political events and conflict different regions. O Severe weather events Factors Affecting Demand Global economic development Seasonal driving spikes ul Distribution and Marketing Costs Eo Taxes The cost to transport and distribute refined gasoline also affects the price at Different counties and cities tax gasoline differently, and in some places the pump. In some places, these costs can be more significant. taxes can make up a significant portion of overall price. However, state and federal taxes have increased significantly over time. Price of a Gallon of Gas 1950 pA Gulf Coast (near the oil-producing Gulf of Mexico) I 1.5% | $ 3. 5 5 8 * New England P20% 2011 $ 3. 8 22 (As of August 8, 2011) (Percentage taxed on a gallon of gas) To a lesser extent, the profits and losses of refiners, marketers, distributors, and retail gas station owners affect pump prices as well. FREED FROM THE PUMP Don't want to pay for gas? Try an electric car. Don't want to pay to charge it? Try going solar, too. Even a small home solar system (1 to 2kW) is enough to generate up to 15,000 miles worth of free power for an electric car. Electric Car Powered by Leased Solar $ 1,200 per year to run Electric Powered by Purchased Solar |$40 per year to run Gas-Powered Vehicle Ro $ 2,1 31 per year to run *Considering cost of gas and the number of miles the typical American drives One Block JOff the Grid SOURCES: US ENERGY INFORMATION ASSOCIATION, INVESTOPEDIA.COM, THEPRICEOFFUEL.COM, CBS NEWS HTTP://1BOG.ORG il III II