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Schiff, Porter, Lee and Garvey square off in California Senate debate

CNNW CNN Newsroom February 24, 2012

costs more to fill up. 12 cents in a week. about 11% so far this year. we ve never seen gas prices this high so early in the season. usually you see gas prices going up into the spring and summer driving season. never so high so early. what goes into a gallon of gas? here s the breakdown according to the way the government looks at it. 12% of the price of gasoline are the taxes that we pay. 6% goes to distribution and marketing. 6% is refining. look at that, kyra, 76% is crude oil. crude oil is a price that is set in the global market that is a lot of different head winds and cross winds and when crude oil prices, gasoline prices rise, crude oil is above $108 a barrel. mostly because of this fear factor about iran but also because of, you know, consistent global demand for energy and oil, kyra. so you ve got the demand for oil, you ve got the arab spring, you have the fact that look what s happening here in the united states with regard to the economy. all of that combine

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