Last Updated Dec 23, 2010 9:59 AM EST
Don't be quick to blame your local filling station--the culprit is the economic recovery, which has spurred increased demand both domestically and in emerging economies like China. The resurgence in demand has impacted crude oil prices, which have breached the $90 level for the first time since October 2008.
Here are the other factors that impact the gas prices:
According to the US Department of Energy, this is the break-down of a $1 of gas at the pump:
- Crude oil = 67 cents
- Taxes = 15 cents
- Distribution and Marketing = 11 cents
- Refining = 7 cents