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Jack gerard from the american petroleum institute talk about this a little bit earlier. i didn t do that for the camera but for us. on the $3.76 national average of gasoline, $2.55 of that is the crude oil price. then you take it down to refining and marketing, $0.40 for a gallon. transportation, you have to move the stuff around, $0.15. federal taxes 18 1/2 cents. call it about 20. after taxes, transportation and all the other things going on, the gas station owner is left with somewhere around 5 to $0.10 a gallon. so american small businesses making $0.05 to $0.10 a gallon, meanwhile we re shipping the good portion of the crude oil price overseas to sheiks and oil people that may not like us much. i heard a story last night on cbs where they talked about how because of speculators and speculators given the uncertainty have been, you know, leveraging the price of a single gallon of gas higher and higher on every gallon of gas, there s ....
Gas prices, that topic on everybody s tongues and inching i guess higher now for the last three straight days. the nationwide average for regular demand at $3.87 $3 6 $3.76. what has been driving up gas prices and might they hit $5 a gallon? here is what the ceo and chairman of the world s largest oil company told matt lauer in a today show exclusive. what drove these prices up is entirely the crude oil price. supply/demand is fine. what s led to this, oshl conc n obviously concerns about the rhetoric of the closing of the straits of hormuz and the conflict was iran. a lot of people are talking about $5 a gallon coming up in the summer driving months. is that just a headline or is it a realistic number? as i look at just the ....
But china is growing at such an exponential rate as is india, they are taking more energy every day. unless we fix this, we in the united states of america are going to be in a terrible bind. the president is trying to deal with this with more electric cars, moving to wind and solar. as he says, all of the above. we re drilling now more than we ve ever drilled. he s given out more permits than any president in the history of the country. he s doing it. republicans are just playing politics on the senate floor. in the suburbs of philadelphia yesterday i filled up. i paid $3.76 a gallon which happens to be spot on the national average. why are gas prices disparate across the country? why do you see in he is ka lation in california when i am paying what i paid in philly. it s the speculators too. it s a commodity people trade on. people are making a lot of money on this. it s unfortunate because the american consumers are the ones who are taking it. we need to move into electric vehic ....
here s what happens. if mitt romney loses, the conservatives are going to say if we nominated someone with a spine with conservative principles, we would have beaten obama. we need to do that. mr. insider is that credible? i know they will. does santorum have another fight in him? he s 48 years old. i don t think so. the bench for every complaint about 2012, the 2016 bench for republicans is very deep. rick santorum has been the most hero ike i don t agree with him on most but he s been the most heroic. he s walked in there with two 3s in his hand. he s up against the richest, best looking guy with a perfect family and he s been fighting this guy heroically. according to aaa, they file these things. the national average for a gallon of gas, regular, is $3.76. getting up close to $4 for regular. that s up 24 cents from a year ago. 28 cents higher than a month ago. it s spiking. how does obama deal with the ....
you re already looking ahead. here s what happens. if mitt romney loses, the conservatives are going to say if we nominated someone with a spine with conservative principles, we would have beaten obama. we need to do that. mr. insider is that credible? i know they will. does santorum have another fight in him? he s 48 years old. i don t think so. the bench for every complaint about 2012, the 2016 bench for republicans is very deep. rick santorum has been the most hero ike i don t agree with him on most but he s been the most heroic. he s walked in there with two 3s in his hand. he s up against the richest, best looking guy with a perfect family and he s been fighting this guy heroically. according to aaa, they file these things. the national average for a gallon of gas, regular, is $3.76. getting up close to $4 for regular. that s up 24 cents from a year ago. 28 cents higher than a month ago. it s spiking. how does obama deal with the ....