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SF Gate analyzes the factors that determine the price consumers pay at the pump.
SF Gate analyzes the factors that determine the price consumers pay at the pump.
The market news is quoted as saying:
According to the U.S. Department of Energy, the price of crude oil averaged 68% of the average retail cost of gasoline in December of 2010. Federal and state taxes were the next highest cost factor, averaging 14%, followed by refining costs and profits, then distribution and marketing.
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