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Oil and Natural Gas Prices

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The biggest single component of retail gasoline prices is the cost of the raw material used to produce gasoline – crude oil. Crude oil alone makes up 74 percent of pump prices.

What consumers are paying for at the gasoline pump

Refining the crude oil into gasoline and retailing accounts for 15 percent of the retail price. Taxes account for 11 percent of the price of gasoline.
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Congress will soon consider massive new taxes — roughly $80 billion — on America's oil and natural gas industry, yet this level could produce devastating effects on our economy, all when America can least afford it.

Learn more and tell Congress to oppose these proposals. By using SocialCapital, you can voice your opinions to public officials and members of Congress about key energy issues via Twitter, Facebook, YouTube and more.
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