A Fractional Story

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	A Fractional Story
	Related Video Oil and Natural Gas Prices May 2008 - This short video clip helps explain the forces behind recent jumps in oil and gasoline prices. More >> Related Audio ETR 45 Big Oil: Q2 2008 Earnings Explained August 5, 2008: Jane Van Ryan talks with John Felmy, API’s chief economist, about the second quarter 2008 earnings of oil natural gas companies. More >> Related Links FTC: Gasoline Price Changes (.pdf) EIA: Monthly Gasoline and Diesel Prices The biggest single component of retail gasoline prices is the cost of the raw material used to produce gasoline – crude oil. In the first quarter of 2010, crude oil alone made up 69+ percent of pump prices. Refining the crude oil into gasoline and retailing accounted for 16 percent of the retail price, while taxes accounted for 15 percent of the price of gasoline. Other readers also read: Diesel Prices Components of Price Energizing America

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