FACTBOX: How U.S. gasoline is priced

Fri Oct 26, 2007 3:34pm EDT
 
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(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

 

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