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The figure below shows how the shares of component costs have changed for a gallon of regular gasoline over the ten-year period from September 2003 to September 2013. In 2003, crude oil accounted for 38.3% of the retail price of a gallon of regular gasoline. By 2013, the share for crude oil nearly doubled to 70.8% of the price. While the share for crude oil grew, the shares for taxes, distribution and marketing, and refining decreased proportionally. In 2003, taxes accounted for 25% of the price of regular gasoline but by 2013, taxes accounted for just 11.9% of the price.

Price Components of a Gallon of Gasoline, September 2003 vs. September 2013
Graph showing the price components of a gallon of gasoline in September 2003 versus September 2013. Price components include crude oil, taxes, distribution and marketing, and refining. See table below for more detailed information.

Supporting Information

Price Components of a Gallon of Gasoline, September 2003 vs. September 2013
Month/Year Refining Distribution &
Marketing
Taxes Crude Oil   Retail Price
Share of a Gallon of Regular Gasoline   Dollars per Gallon
September 2003 13.9% 22.7% 25.0% 38.3%   1.679
September 2013 6.2% 11.1% 11.9% 70.8%   3.532
Source: Energy Information Administration, Gasoline Pump Components History, November 2013.

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