Issues
A Fractional Story
RSS

Related Video

Oil and Natural Gas Prices

May 2008 - This short video clip helps explain the forces behind recent jumps in oil and gasoline prices.  More >>

Get Flash Player

Related Audio

ETR 45 Big Oil: Q2 2008 Earnings Explained

August 5, 2008: Jane Van Ryan talks with John Felmy, API’s chief economist, about the second quarter 2008 earnings of oil natural gas companies.  More >>

Get Flash Player

The biggest single component of retail gasoline prices is the cost of the raw material used to produce gasoline – crude oil. In the first quarter of 2010, crude oil alone made up 69+ percent of pump prices.


 

Refining the crude oil into gasoline and retailing accounted for 16 percent of the retail price, while taxes accounted for 15 percent of the price of gasoline.
RSS

Access to Oil and Gas: Jobs, Revenues, More Energy

Domestic oil and natural gas resources help ensure our energy and economic security by providing affordable, reliable energy to Americans nationwide. Access to these resources supports more than 9.2 million jobs nationwide, provides billions in government revenues and creates less reliance on foreign imports. Public policy supporting the jobs and energy sources provided by the oil and natural gas industry is essential to protecting our nation’s future energy security.  

Oil Spill Prevention and Response

The oil and natural gas industry has pledged to work day and night to aid in recovery efforts for the Gulf of Mexico oil spill, and to ensure lasting solutions are put into place.

For more information: 

 

Tips for Living
Home | Site Map | Privacy | Terms & Conditions | Copyright 2010 API. All Rights Reserved.