Web Exclusive: Where does your money go for gas

Web Exclusive

(CNN) - Drivers are feeling pain at the pump as gas prices soar.  Have you ever wondered where each dollar goes when you fill up on gas?

When gas prices make you want to scream, you may not to deafen the guy in the convenience store.  It's not usually his fault! Store mark-up barely adds to the price of gas.

If you really want to blame someone, experts say you could look to OPEC.  The Organization of Petroleum Exporting Countries, a group of 12 nations has a significant influence on the cost of crude oil.

For every dollar you spend on gas, crude takes the biggest chunk. about 72 cents.  The second-largest factor in the price, taxes.  The U.S. federal government has a tax on every gallon bought as do state and local governments, whose taxes depend on where you live.  They all add up to approximately 13 cents on every gas dollar.

Unfortunately for drivers, we can't just take oil from the ground, filter out the dirt, and stick it in our gas tanks.  We've got to pay for the cost of refining, the process of turning crude into actual gasoline.  That covers about 8 cents on our rapidly-shrinking dollar.  And then actually getting gasoline to stations, and maybe throwing in an advertisement here and there makes up 7 cents on the buck.  Now all that adds up to a dollar, 100% of the cost of gas.

You can see how an actual filling station has practically no influence on the price.  It does get a cent or two, but if you go inside and buy a drink and a donut that helps keep their business, fueled.


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