Wealth and Investing Center

A U.S. Army soldier from 3/1 AD Task Force Bulldog uses his night vision equipment before an early morning joint patrol with Afghan National Army (ANA) soldiers in a village in Kherwar district in Logar province, eastern Afghanistan, May 22, 2012. REUTERS/Danish Siddiqui

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Photo

Maxim Hot 100

The world's most beautiful women as chosen by Maxim readers.  Slideshow 

A cross is seen in Joplin, Missouri May 17, 2012. May 22 marks the one year anniversary of a deadly EF-5 tornado that ripped through the town, killing 161 people. The tornado damaged or destroyed about 7,500 homes and 500 other buildings, but the city is now well into a recovery mode that has spurred some segments of the local economy. REUTERS/Eric Thayer (UNITED STATES - Tags: DISASTER ENVIRONMENT RELIGION)

Joplin, one year after

May 22 marks the one year anniversary of a deadly tornado that ripped through Joplin, Missouri, killing 161 people.  Slideshow 

FACTBOX: How U.S. gasoline is priced

Fri Oct 26, 2007 3:34pm EDT

(Reuters) - U.S. crude oil prices hit a record high above $92 a barrel on Friday, closing in on the inflation-adjusted high of $101.70 seen in 1980 in the wake of the Iranian revolution.

But the rising costs have yet to fully filter through to U.S. consumers at the pumps.

The U.S. Energy Information Administration said this week, national average retail gasoline prices of around $2.82 per gallon could have another 20 cents to climb before catching up to the surge in crude.

Here's how a gallon of gasoline was priced in 2005, according to the U.S. Department of Energy:

Crude oil 53 percent

Federal and state taxes 19 percent

Refining and refiner profits 19 percent

Distribution, marketing, retail dealer costs 9 percent

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.