Where Your Dollar Goes

Ever wondered where your gasoline dollar goes? More than 90 percent of it pays for the crude oil feedstock, taxes, and the expense of refining and transporting the gasoline to your local service station. The remainder--about 8 cents--is earnings, much of which is reinvested in the production of more oil and natural gas.

In fact, investment in new wells soared in 2007 at a time when gasoline prices were rising. The newly released "2007 Joint Association Drilling Survey on Drilling Costs (JAS)" found that the energy industry spent 106 percent more in 2007--the year for which the most recent data is available--to drill and equip wells in the United States than in 2006.

This reinvestment helps the energy industry keep its commitment to consumers and makes the industry a reliable provider of gasoline where you need it, when you need, every single day.