Contact Us

When You Buy A Gallon Of Gas, Here’s What You’re Really Paying For [AUDIO]

Do you understand how they determine the price of gasoline?  What a coincidence – me neither!   I started to look into this (showing again that I have no life).  Here’s what I found out, just to make your day more pleasant

I googled “Exxon” to go right to the top with my question, and I found this site – Exxon .  You can read the whole thing if you have no life like me, but I thought I would give you the “Cliff Notes”

Gas Prices Continue To Rise Beyond Past Seasonal Highs
photo from getty images (holy crap- look at THESE gas prices)

Over 12% of  your money it goes to taxes alone according to this article and the Energy Information Administration

Another 10% goes to marketing ( did you ever think about that?  We pay for them to make up  TV and print advertisements to convince us to buy MORE so we can pay ANOTHER 10% for more ads and round and round it goes, but that’s the way all companies work come to think of it

And 80% or so goes just for the crude oil itself.  Well, I guess you can expect that, but we don’t realize just how dependent we are for oil around the globe for us to refine enough of it to produce what we need.  They say that if a gallon were to cost $3.27, at least $2.62 of that price is already set before we even get to it.

So actually, it really isn’t that shocking.  It’s not like the money is being wasted or misused.  You always pay money for marketing.  Taxes are taxes, just as inevitable as ‘buying the farm”.

It’s our dependence on the dark gooey stuff that’s killing us.  We need to hydrofrack.  (I just love saying that word.  I love it so much, I wrote a song about it!)

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

Do you believe in hydrofracking?  Would you sacrifice the environment so we can have lower prices?  Would love to know your thoughts






Best of WGNA

Recommended for You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for Fanatics quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive Fanatics contests, events, coupons, presales, and much more delivered to you for FREE.