The world price of crude oil is the largest single factor in the price of gasoline. In fact, it accounts for more than half the cost. The remainder pays for refining the oil into gasoline, transporting the fuel and making it available at service stations.
Components of Price
Market Price Crude Oil
Oil Supply and Demand
Diesel Prices
Earnings: A Matter of Scale
A Fractional Story
The oil and natural gas industry has worked hard to achieve a harmonious relationship with the environment and surrounding wildlife. In fact, the industry has invested nearly $100 billion in emerging technologies that allow offshore operations to be cleaner, safer and more efficient.
Fuel Choices
Future Fuels
Vehicle Research
Companies Address Climate Change
Environmental Expenditures
A Proven Environmental Record
Increasing Efficiency
10 in 10 Initiative
Cogeneration
Energy Efficient Homes Initiative
Success Stories
Refining Innovations
Offshore Production
Exploration Innovations
Transportation Innovations