{"id":5176,"date":"2012-07-18T10:55:26","date_gmt":"2012-07-18T17:55:26","guid":{"rendered":"http:\/\/unrbep.org\/?p=5176"},"modified":"2012-07-18T10:55:30","modified_gmt":"2012-07-18T17:55:30","slug":"where-does-your-money-go-at-the-gas-pump","status":"publish","type":"post","link":"https:\/\/unrbep.org\/dealerportal\/where-does-your-money-go-at-the-gas-pump\/","title":{"rendered":"Where does your money go at the gas pump?"},"content":{"rendered":"

Source: Flex Fuel.com<\/a><\/em><\/p>\n

Gas prices are slowly rising across the United States after months of a steadily declining, but who is really profiting off your gasoline purchases.<\/p>\n

It might surprise you, but it isn\u2019t the gas station.<\/p>\n

An analysis of gas prices by Sageworks, a financial analysis company,\u00a0shows that gas stations aren\u2019t\u00a0bringing in\u00a0huge profit margins \u2014 or not the profits that consumers think.<\/p>\n

For every $50 fuel purchase, gas station owners take home a measly $1, or a little more than 2 percent, according to the analysis by Sageworks. Visa or MasterCard make $1.25, or 2.5 percent, off every $50 gas purchase.\u00a0(That\u2019s why you see some gas stations in the Houston area offer you a discount for paying with cash.)<\/p>\n

According to the research, crude oil accounts for 61.5 percent of the cost, or $30.75.<\/p>\n

The rest of your money goes to refining crude oil into gasoline, $7 (14 percent); delivery $4 (8 percent); and taxes $6 (12 percent).<\/p>\n

\"Gas<\/a><\/p>\n

\"Gas<\/a><\/p>\n

 <\/p>\n

The U.S. Energy Information Administration puts out their own break down for gas prices, and their breakdown isn\u2019t too far off Sageworks\u2019 analysis.<\/p>\n

According to the administration, a gallon of gas (at the July price of $3.42 per gallon) is broke down like this: taxes, 38 cents (11 percent, or $5.50 for a $50 purchase); distribution and marketing, 34 cents (10 percent, or $5); refining, 44 cents (13 percent, or $6.50); and crude oil $2.26 (66 percent, or $33).<\/p>\n

Obviously, there are some slight differences between the two breakdowns, but they aren\u2019t too far off.<\/p>\n

So who do you blame for the high prices?<\/p>\n","protected":false},"excerpt":{"rendered":"

Source: Flex Fuel.com Gas prices are slowly rising across the United States after months of a steadily declining, but who is really profiting off your gasoline purchases. It might surprise you, but it isn\u2019t the gas station. An analysis of gas prices by Sageworks, a financial analysis company,\u00a0shows that gas stations aren\u2019t\u00a0bringing in\u00a0huge profit margins … Continue reading Where does your money go at the gas pump?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"_links":{"self":[{"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/posts\/5176"}],"collection":[{"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/comments?post=5176"}],"version-history":[{"count":2,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/posts\/5176\/revisions"}],"predecessor-version":[{"id":5180,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/posts\/5176\/revisions\/5180"}],"wp:attachment":[{"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/media?parent=5176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/categories?post=5176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unrbep.org\/dealerportal\/wp-json\/wp\/v2\/tags?post=5176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}