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Department of Interior Secretary Ken Salazar said that "no one knows" if gasoline prices in the United States will reach $9 per gallon, and acknowledged that the possibility is outside his control.
"I don't think anyone can speculate what will happen with respect to oil prices and gas prices because they are set on the global economy," Salazar told reporters when asked if gas prices could reach $9 per gallon, as they have been in Greece. "Where it will all end, no one knows.
Originally posted by neo96
the global market determines the price of the barrel however this nations energy policy determines the price at the pump.........
here's an approximation of where each dollar you spend on gas goes:
•Taxes: 13 cents
•Distribution and Marketing: 8 cents
•Refining: 14 cents
•Crude oil: 65 cents