Friday, November 11, 2005

ABC News - Gas Prices Explained

051109moneyminute.mp3 (audio/mpeg Object)

With all the hype lately over the record profits posted by the oil companies, ABC News presents an explanation of where your money goes for each gallon of gasoline. This is a good piece of information. According to ABC News, fully 77% of the cost of a gallon of gasoline goes to the oil companies and refineries, 15% to taxes, and only 8% to the company that you are actually purchasing the gasoline from.


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