9/ Crude oil: ~55–60% of the price Refining: ~15–20% Distribution & marketing: ~10% Federal + state taxes: ~15–20% (federal excise tax is $0.184/gallon; state taxes average ~$0.31/gallon, though they vary widely)
9/ Crude oil: ~55–60% of the price Refining: ~15–20% Distribution & marketing: ~10% Federal + state taxes: ~15–20% (federal excise tax is $0.184/gallon; state taxes average ~$0.31/gallon, though they vary widely)
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