The 'Why Gas Prices Are Too Damn High' Infographic Makes One Want a Bike

By: Harris Jay Rosenberg Alterman - Published: Apr 14, 2012 • References: onlinebachelordegreeprograms and holykaw.alltop
The 'Why Gas Prices Are Too Damn High' infographic explains the reasons behind the constant rising costs of fuel.

Gas is hard to cut out of one's budget because many people rely on it to get to work. In fact, the average American spends $2,186 a year on gas, which is about six percent of their income. It's important for one to know where all the money they're spending at the pump is actually going. While a small portion goes to taxes, refining and distribution, the vast majority of the money goes to the oil companies. Oil companies have little incentive to resist raising prices because so many people need gas. A price increase of one cent per gallon equates to a 200 million dollar increase in profits for the oil companies.