Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:21 AM

GasBuddy News Article

45
votes
Gas Prices: Where your money goes when you fill up your gas tank

KSFY -- Gas prices are starting to become like roller coasters, prices go up then back down then back up again.

The national average for a gallon of regular gas is $3.86. In South Dakota, $3.85. In Iowa, $3.86 and in Minnesota, $3.93.

According to the U.S. Energy Information Administration, here's where your money is going when you fill up. If it costs you $60 to fill up your gas tank, $7.20 or 12% is going to taxes, $4.80 or 8% to distribution and marketing, $9 or 15% to refining costs/profits and $39 or 65% to the crude oil refineries.

No matter the break down some families say it's getting too expensive.

"I haven't seen it go down in who knows how long now. It keeps going up and it's stressful," Amie Hardy said.

Stressful for Amie Hardy and her family because she's constantly


Read the Full Article

Submitted Sep 18, 2012 By: aservant
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Gas Prices: Where your money goes when you fill up your gas tank Post a Reply Back to Topics
REPLIES (newest first)
Profile Pic
BEGTWO
Champion Author Maryland

Posts:1,937
Points:723,315
Joined:Sep 2010
Message Posted: Sep 19, 2012 9:19:49 AM

Uncle Sam is always going to get his!!!
Profile Pic
remay
Champion Author Houston

Posts:6,963
Points:2,116,640
Joined:May 2006
Message Posted: Sep 19, 2012 4:55:37 AM

Yep thanks to speculators and traders...
Profile Pic
VanIsleLes
All-Star Author British Columbia

Posts:898
Points:276,245
Joined:Jun 2012
Message Posted: Sep 18, 2012 11:54:17 PM

Yup it's expensive
Profile Pic
teafortwo
Champion Author Washington

Posts:22,106
Points:1,384,910
Joined:Feb 2009
Message Posted: Sep 18, 2012 11:19:33 PM


Clearly ties between industry money, government funds and the stranglehold on personal budgets?

This is a problem on so many levels and has made for some strange bedfellows :0\
Profile Pic
SolarReplaceGas
Champion Author Cincinnati

Posts:1,005
Points:209,195
Joined:Aug 2012
Message Posted: Sep 18, 2012 7:17:48 PM

@bwatchingu - Count me in the "most families"
Profile Pic
Ply440GTX
All-Star Author Texas

Posts:949
Points:309,730
Joined:Feb 2009
Message Posted: Sep 18, 2012 7:08:28 PM

...it goes, AWAY!!!
Profile Pic
Pramodsharma
Champion Author Richmond

Posts:1,974
Points:386,640
Joined:Feb 2012
Message Posted: Sep 18, 2012 6:31:02 PM

Do I really care where my (not my ) money goes after I get value of it? No
Profile Pic
bwatchingu
Champion Author Arkansas

Posts:1,740
Points:600,645
Joined:Jan 2009
Message Posted: Sep 18, 2012 3:39:43 PM

Correction:Most families say it's getting too expensive.
Profile Pic
Buck_on_Bass
Champion Author Tennessee

Posts:7,574
Points:1,455,310
Joined:Jul 2007
Message Posted: Sep 18, 2012 12:58:27 PM

When you look at profit, only the country producing the crude oil makes more than the government on gasoline sales.
Profile Pic
bojiway1
Champion Author Minnesota

Posts:2,044
Points:478,060
Joined:Dec 2011
Message Posted: Sep 18, 2012 12:52:02 PM

Ugh
Profile Pic
Fitwit
Champion Author Stockton

Posts:6,394
Points:1,354,895
Joined:May 2009
Message Posted: Sep 18, 2012 12:50:49 PM

Yea the roller coast keeps going higher.
Profile Pic
bowler360
Champion Author Illinois

Posts:1,972
Points:499,715
Joined:Jun 2011
Message Posted: Sep 18, 2012 12:48:38 PM

It's not going to,......improve our lives.
Profile Pic
Teddy95
Champion Author Dayton

Posts:41,145
Points:2,696,125
Joined:Oct 2005
Message Posted: Sep 18, 2012 12:48:10 PM

Hmmm... Obummer!
Profile Pic
papou
Champion Author Tampa

Posts:10,879
Points:1,906,110
Joined:Jul 2005
Message Posted: Sep 18, 2012 12:42:23 PM

Sounds like Borsh them come a lot of the Obama group because they are inapt to do anything about this
Obama wants to propose an additional federal gas tax day helping Bell out from the mistakes that is made we cannot afford this
Profile Pic
PittSlovak
Champion Author Pittsburgh

Posts:2,499
Points:1,911,560
Joined:Sep 2005
Message Posted: Sep 18, 2012 12:42:20 PM

I thought is went into some sheik's pocket.
Profile Pic
032946
Champion Author Twin Cities

Posts:19,855
Points:4,043,070
Joined:Oct 2001
Message Posted: Sep 18, 2012 12:41:47 PM

Mo;re smoke and mirrors!
Profile Pic
misterray
Champion Author Oregon

Posts:3,178
Points:721,865
Joined:Aug 2008
Message Posted: Sep 18, 2012 12:39:45 PM

I love to read the ignorant posts by Obama bashers.

By the way, thank you President Obama for saving my son's job at General Motors.
Profile Pic
carinthuist
Champion Author San Francisco

Posts:2,243
Points:329,260
Joined:Mar 2012
Message Posted: Sep 18, 2012 12:39:36 PM

spectulators
Profile Pic
bullseye100
Champion Author New Jersey

Posts:2,424
Points:584,205
Joined:Aug 2011
Message Posted: Sep 18, 2012 12:38:49 PM

Does it really matter where it goes? IT'S GONE!!!!!!!!!
Profile Pic
jpj23
Champion Author Los Angeles

Posts:5,705
Points:1,098,725
Joined:Jul 2008
Message Posted: Sep 18, 2012 12:38:06 PM

Whoever posted this put a headline on it that completely misrepresents the story, which doesn't say a word about where your money goes when you fill up.. In fact, the story is just a bunch of quotes from people who say that it's expensive and that no one really knows exactly what triggers price increases or when prices will go down.

Thanks so much for wasting my time reading this!
Profile Pic
RichFWA
Champion Author Tacoma

Posts:1,171
Points:288,790
Joined:Mar 2011
Message Posted: Sep 18, 2012 12:37:36 PM

The money goes right to the damn speculators!
Profile Pic
julius1st4
Champion Author Ontario

Posts:4,204
Points:1,190,375
Joined:Jul 2003
Message Posted: Sep 18, 2012 12:36:40 PM

OK.; but, how much does the "Station Operator" get??? There are some stations that are "Oil"Co. operated, but, there are also lots of Independants.

Very poor analysis.
Profile Pic
HDFXR1991
Veteran Author Wisconsin

Posts:469
Points:141,030
Joined:Sep 2008
Message Posted: Sep 18, 2012 12:36:39 PM

Speculate! Speculate!
Profile Pic
dirtydiesel10
Champion Author Colorado Springs

Posts:1,162
Points:232,460
Joined:Dec 2010
Message Posted: Sep 18, 2012 12:36:21 PM

Diesel should be cheaper since it takes less refinery process.
Profile Pic
Tekkersmom57
Champion Author Syracuse

Posts:1,874
Points:700,265
Joined:May 2010
Message Posted: Sep 18, 2012 12:34:41 PM

It is just plain ridiculous how the gas prices can rapidly jump and stay there and it almost takes and act of congress for them to start coming back down. Can you say GREED!!!!
Profile Pic
Zeke33
Champion Author New Hampshire

Posts:5,574
Points:1,615,180
Joined:Sep 2005
Message Posted: Sep 18, 2012 12:33:39 PM

So many people suffering at the gas pump. I hope they REMEMBER IN NOVEMBER. Obummer must go.
Profile Pic
99church
Champion Author Indiana

Posts:1,821
Points:362,040
Joined:Oct 2011
Message Posted: Sep 18, 2012 12:30:06 PM

and it will continue to rise, even with North Dakota flowing
Profile Pic
Bonito
Champion Author Dayton

Posts:15,747
Points:3,006,920
Joined:Jun 2004
Message Posted: Sep 18, 2012 12:29:22 PM

Into the pockets of the RICH!
Profile Pic
tman70
Champion Author Georgia

Posts:1,755
Points:733,075
Joined:Jul 2007
Message Posted: Sep 18, 2012 12:24:12 PM

who knows
Profile Pic
camel1
Champion Author Minnesota

Posts:8,265
Points:2,265,640
Joined:Jul 2006
Message Posted: Sep 18, 2012 12:20:15 PM

the middle men and market manipulating speculators
Profile Pic
MDTDriver
Champion Author California

Posts:9,724
Points:2,154,645
Joined:Jul 2006
Message Posted: Sep 18, 2012 12:19:07 PM

I guess retires with low income should just go aways, I am one of them.
Profile Pic
chuckhermann
All-Star Author New York

Posts:957
Points:498,225
Joined:Jun 2011
Message Posted: Sep 18, 2012 12:18:18 PM

She spends $60 each fillup 2-3 times a week and still driving an SUV? First thing I would do is look at how I could make do with a smaller vehicle. Between my wife and I we do over 50k miles/year. We certainly do feel the impact.
Profile Pic
fishgaro
Champion Author St. Louis

Posts:1,489
Points:343,935
Joined:Apr 2012
Message Posted: Sep 18, 2012 12:17:39 PM

go out of your wallet into their hands
Profile Pic
LostAgain2009
Champion Author New Mexico

Posts:2,398
Points:711,685
Joined:Apr 2009
Message Posted: Sep 18, 2012 12:16:17 PM

I don't know where it goes but it sure does go fast.
Profile Pic
rodzilla123
Champion Author San Diego

Posts:4,395
Points:1,033,390
Joined:Jul 2008
Message Posted: Sep 18, 2012 12:15:47 PM

That may be close, but Exploration and drilling exploratory holes is Expensive. California pays more like 18% or 19% in Taxes.
Profile Pic
ricebike
Champion Author New Jersey

Posts:10,032
Points:1,855,720
Joined:Oct 2005
Message Posted: Sep 18, 2012 12:15:38 PM

this site has something similar already
Profile Pic
AskMeLater
Champion Author Amarillo

Posts:1,988
Points:578,025
Joined:Jul 2005
Message Posted: Sep 18, 2012 12:13:55 PM

ok
Profile Pic
nomad228
Champion Author Columbus

Posts:3,117
Points:575,140
Joined:Feb 2011
Message Posted: Sep 18, 2012 12:12:56 PM

muslim terrorists ............. ?
Profile Pic
oldiesman
Champion Author New York

Posts:6,427
Points:2,193,960
Joined:May 2006
Message Posted: Sep 18, 2012 12:12:15 PM

To the Rockefellers, Sorosos, Rothchilds etc, the rich want more and more and We are just money cofers for them!
Profile Pic
porotito
Champion Author Houston

Posts:2,150
Points:579,685
Joined:Dec 2010
Message Posted: Sep 18, 2012 12:12:09 PM

And how much to speculators?
Profile Pic
svspyda
Champion Author San Jose

Posts:1,668
Points:338,985
Joined:May 2012
Message Posted: Sep 18, 2012 12:11:59 PM

ok
Profile Pic
eddyp94
Champion Author Ontario

Posts:8,163
Points:1,660,835
Joined:Mar 2008
Message Posted: Sep 18, 2012 12:10:26 PM

Into someones pocket...
Profile Pic
Red7002011
Champion Author Mississippi

Posts:3,327
Points:667,745
Joined:Jul 2011
Message Posted: Sep 18, 2012 12:10:19 PM

Really!
Profile Pic
rf6480
Champion Author Miami

Posts:1,534
Points:547,055
Joined:Mar 2011
Message Posted: Sep 18, 2012 12:10:19 PM

was down yesterday, back up a nickel today.
Profile Pic
spiderjay
Champion Author Little Rock

Posts:4,773
Points:1,282,235
Joined:Oct 2005
Message Posted: Sep 18, 2012 12:07:44 PM

down a hole
Profile Pic
singlemom27
Champion Author Ventura

Posts:3,108
Points:639,210
Joined:Apr 2011
Message Posted: Sep 18, 2012 12:07:32 PM

Big Oil and speculators greed!
Profile Pic
nehemiah
Champion Author Portland

Posts:4,756
Points:929,640
Joined:Jul 2007
Message Posted: Sep 18, 2012 12:07:05 PM

this is meaningless, we need more alternatives
Profile Pic
divebomber
Champion Author Nebraska

Posts:6,073
Points:1,811,300
Joined:Jun 2007
Message Posted: Sep 18, 2012 12:06:14 PM

ALTERNATIVE, BICYCLE!
Profile Pic
lovinguy71
Veteran Author Greensboro

Posts:443
Points:480,715
Joined:Feb 2006
Message Posted: Sep 18, 2012 12:05:24 PM

more freaking lies!!! its all the US govt can do!! they can see the truth for all the lies!!!!
Vote all the bastards out!!!
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:8,491
Points:1,628,765
Joined:Sep 2005
Message Posted: Sep 18, 2012 12:04:37 PM

Knowing does not make it feel any better.
Post a reply Back to Topics