Most Americans are frustrated and would absolutely love to know where or when does the cost of gas finally end. With so many intangibles there is no way of being able to predict such a thing. On the flipside there is likely a high percentage of Americans who probably have no clue whatsoever where the money is going once it is pumped into their vehicle. With a little of research here's what I was able to come up with. Off the top there are the government taxes (what else is new? LOL) typically for building and road maintenance (approximately 40 cents of which per gallon while the national average has the state governments taking approximately 22 cents per gallon). Obviously there is also the logistics of moving the product from refineries to the local pump which is approximately 25 cents per gallon. About another 25 cents per gallon goes to the actual refinery companies such as Sunoco, Frontier, etc. About $2 per gallon (the big portion) goes to the actual producers like Chevron or Marathon. However, once at the local convenience station (keep in mind most are typically independently owned/operated) which generates typically about 7 to 10 cents for every gallon (according to the US Energy Information Administration). At that rate there is absolutely also no way that could even be considered profit when you figure in the local employee wages, the lease, the station bills (electrical/upkeep etc). Any profit whatsoever at that level likely would have to come from coffee, cigarette, alcohol, soda or food/candy sales. From another website there was a percentage breakdown for a gallon of gas which was as follows...
58 crude oil
17 refining
15 taxes
9 distribution/retail
1 local store income
Just something to think about or ponder next time you fill up at the pump. Any thoughts? Would love to hear!
Most Americans are frustrated and would absolutely love to know where or when does the cost of gas finally end. With so many intangibles there is no way of being able to predict such a thing. On the flipside there is likely a high percentage of Americans who probably have no clue whatsoever where the money is going once it is pumped into their vehicle. With a little of research here's what I was able to come up with. Off the top there are the government taxes (what else is new? LOL) typically for building and road maintenance (approximately 40 cents of which per gallon while the national average has the state governments taking approximately 22 cents per gallon). Obviously there is also the logistics of moving the product from refineries to the local pump which is approximately 25 cents per gallon. About another 25 cents per gallon goes to the actual refinery companies such as Sunoco, Frontier, etc. About $2 per gallon (the big portion) goes to the actual producers like Chevron or Marathon. However, once at the local convenience station (keep in mind most are typically independently owned/operated) which generates typically about 7 to 10 cents for every gallon (according to the US Energy Information Administration). At that rate there is absolutely also no way that could even be considered profit when you figure in the local employee wages, the lease, the station bills (electrical/upkeep etc). Any profit whatsoever at that level likely would have to come from coffee, cigarette, alcohol, soda or food/candy sales. From another website there was a percentage breakdown for a gallon of gas which was as follows...
Face it most of us at one time or another (most likely in our youth) have had or messed around with a yo-yo whether it was learning tricks as walking the dog or splitting the atom (or just simply goofing off). The yo-yo is thought to have originated in China where it was first mentioned from about 500 BC. James L Haven and Charles Hettrich received the first US patent back in 1866. However, in 1928 Pedro Flores opened a yo-yo company in Santa Barbara California. By November that year Flores was running his company with 600 workers and producing over 300,000 units daily. The world yo-yo contest was held recently in Florida with John Ando taking this years honors as champion. Back in 1996 it was actually won by a local named Dale Myrberg from Sugarhouse (even set 9 American yo-yo Associated World Records). He was also recently inducted into the American Yo Yo Association Hall Of Fame (yes it actually does exist). Over the years Dale has collected over 3,000 yo-yo's. It all began at the age of 13. He was a rather quick study and progressed to a elevated state of yo winning the state title at 15. To some it might be perceived as a waste of time. To others it teaches practice, patience and persistence!
