Hate Paying $4 a Gallon for Gas? For Imported, You Actually Pay $8
Filed under: Energy, Economy
When gas prices hit $4 at the pump earlier this summer, a lot of motorists were crying “Uncle!” They’d be crying all the louder if they realized those first four bucks didn’t cover half of it. It’s just that the remainder is hidden in your tax bill.
The prospect of $8 a gallon may send shivers down your spine, but the truth is, you’re actually already paying this for every gallon of imported oil, refined into gasoline and pumped into your gas tank. Here’s how the math works.
Start with the…
Hate Paying $4 a Gallon for Gas? For Imported, You Actually Pay $8 originally appeared on DailyFinance.com on 2012-10-05T11:00:00Z.
Permalink | Email this | Comments
http://www.dailyfinance.com/2012/10/05/gas-prices-imports-8-dollars-gallon-taxes-defense/