Where does your gas money go?

June 19, 2009 · Filed Under Congress, Fuels, Governments, Oil Industry, Oil Refining

There’s an outstanding report from American Petroleum Institute (API) called Energizing America. I’m going to cherry pick some of the best and most informative info-graphs from this report and highlight them over the next few weeks. You can download a free copy of their report from their website.

Click image to enlarge.

The API report wants to emphasis that oil companies only make a 5.5% margin on each drop of oil the buy, refine, and transport to your local filling station.

More interesting are the taxes; nearly a quarter of the money consumers spend at the pump gets fed back to local, state, and federal governments. Any idea why every administration since the 1970′s oil crisis has so far failed to solve our oil addiction? Anyone?

Comments

5 Responses to “Where does your gas money go?”

Conspirama on June 19th, 2009 2:00 PM

Where does your gas money go? | Fuelishness! Fuel Economy Blog…

There’s an outstanding report from American Petroleum Institute (API) called Energizing America. I’m going to cherry pick some of the best and most informative….
Funnel-System.com » Where does your gas money go? | Fuelishness! Fuel Economy Blog on June 19th, 2009 3:19 PM

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Simone on June 23rd, 2009 11:20 AM

I had no idea that so much money went towards taxes!! Really kind of shocking to see the breakdown.

I would be interested to see it broken down even further, refining and retailing are very different pieces of the pie…what percent goes to which?
Nqkoi on June 28th, 2009 4:36 PM

“that much”? in normal countries excise duty + tax are more than 100% the original price of refined oil.
Robert on July 19th, 2009 7:47 AM

In Mesa, Arizona, the question was ask why the stop lights were not synchronized to the flow of traffic. Answer from a councilman, “It requires more gas.”