http://www.investopedia.com/articles/economics/08/gas-prices.asp http://www.investopedia.com/articles/economics/08/gas-prices... The cost of the raw crude oil

http://www.investopedia.com/articles/economics/08/gas-prices.asp http://www.investopedia.com/articles/economics/08/gas-prices... The cost of the raw crude oil is only part (but a significant part) of the pump price. It's more 'fun' in the UK where fuel duty and other taxes (VAT) form the majority of the pump price:- http://www.petrolprices.com/the-price-of-fuel.html http://www.petrolprices.com/the-price-of-fuel.html