Driving down the road, youâ€™ll notice many hybrid or fuel efficient vehicles. But even with the move toward more environmentally friendly transportation, the United States still consumes the most oil of any country, followed by China. http://www.financedegreecenter.com has created an infographic entitled â€śGassedâ€ť, highlighting facts and statistics surrounding the oil industry.
While our oil consumption rate is down from 2006, we are still lining the pockets of oil companies. This infographic lists the five largest oil companies, their profits in 2012, and how much those profits could buy. For example, ExxonMobil raked in $25.4 billion in profits, which is enough to buy a new iPhone 5c for every person in Japan.
Out of the more than $22,000 spent on gas over the lifetime of an average vehicle bought in 2011, oil companies take in about $15,000.With profits like that, how do gas stations make money? Gas stations average only 3 to 5 cents of profit from each gallon of gasoline sold. They make more profit off the bottled water and candy you buy inside than off the fuel you buy outside.
â€śGassedâ€ť also takes the prices of a gallon of gas in other countries and converts it to U.S. dollars. For example, gas in Caracas costs a whopping $.12/gallon.
What goes into the price of gas?Taxes 12%, Distribution and marketing 7%, Refining 10%, and Crude oil 71%.
This infographic also details a few of the ways we can cut down on our oil usage, such as buying a more fuel efficient vehicle or telecommuting.
Feel free to like, share, and comment in this infographic entitled â€śGassedâ€ť, brought to you by http://www.financedegreecenter.com.