Math Final Draft Gas Prices
Gas Prices Relate to math because gas prices include crude oil which is 46% of the price of gas. Reefing cost and profits is 14% of the price of gas. 12% is retail and distribution marketing and operations. 28% of gas is taxes. The average price for a gallon if gas is $3.99.In 2004 for the first time gas was $2. The cost of crude oil for a gallon of gas is 1.96. The cost of refining and profits is $.56 a gallon. The cost of retail distribution is $.48 a gallon and the cost of taxes a gallon is $1.12. In 2004 for the first time gas was $2. Gas went up $3 from 2000 to 2008.