Detailed text transcripts for TV channel - CNN - 20110301:19:42:00
Year. when the price was around $2.75 a gallon. they keep going higher. what's driving the increase and where is all that money going? well, most of it, 67%, goes directly to the crude oil suppliers. this amount is determined largely by the organization of petroleum exporting countries or opec. the amount of crude oil produced by opec decides the price of a barrel of oil. then the refining cost, about 11% of the cost of a gallon of gas. crude oil goes through the refining process in order to become gasoline. then comes the distribution and marketing. it's shipped to distribution poip points an...
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