1. Gas Prices
(How They Effect Us)

2. How gas prices work?
 Crude oil- The biggest portion of the cost of gas goes to the crude-oil suppliers
 Refining costs- Refineries combine the various fractions (processed, unprocessed) into
mixtures to make desired products. For example, different mixtures of chains can create
gasoline's with different octane ratings.
 Distribution and marketing - Crude oil is transported to refineries, and gasoline is
shipped from the refineries to distribution points and then to gas stations
 Taxes - Federal and state governments each place excise taxes on gasoline
 Station markup - Of course some of the money you spend at the pump does go to the
service station

3. What happens when gas prices go up?
 Agriculture prices go up Examples: Produce, meat,
dairy, grocery items, ECT
 Transportation prices go up Examples: taxis, public
transportation, ECT
 Airlines raise all there ticket prices

4. How gas prices effect the number of layoffs in the
U.S?
 When gas prices raise companies don’t have the
money to pay all there employees so they have to
layoff more people to be able to pay there expenses

5. Statistics
Fuel price changes
4.5
4
3.5
3
2.5
2
Price per gallon
1.5
1
0.5
0

6. HOW WE ARE GOING TO CHANGE THIS!?!
 Increase Offshore Production
 Increase Alaskan Production
 Stop Blocking Access to North American Resources
 Don’t Increase Taxes on American Energy

7. Tips on how to save gas
 Always keep your car tuned up and in good repair- A poorly tuned car
can use up to 25% more gas
 Don't carry unnecessary items in your car- Every 250 extra pounds
eats up an extra mile per gallon
 Buy gas when it's cooler during the day- like the early morning or at
night to reduce gas evaporation
 Keep your windows closed when driving on the highway- Open
windows can reduce your gas mileage by as much as 10%
 Avoid High Speeds- As your speed increases, your aerodynamic drag
increases in an exponential fashion. Driving 62 mph vs. 75 mph will
reduce fuel consumption by about 15%

8. The End