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Gingrich says -- fifty gas is attainable President Obama says that's unrealistic -- says that you need to use even less fuel.
While switching to alternative energy take a listen.
We've got to develop every source American energy not just oil and gas but wind power and solar power.
Nuclear power biofuels.
We need to invest in the technology.
That will help us use less oil in our cars and -- trucks.
You know buildings -- actress that's the only solution to the challenge because as we start using less.
That lowered the demand prices combat.
So what really determines the price of gas theory is very -- I I don't yeah.
-- failures do not that I don't do that and -- worries and.
Trade anyway Heather good morning get the new national average for pricing down -- -- a gallon gasoline three dollars and 75.
Cents per gallon so.
Let's do this very quickly -- and give you what makes up the price of of gasoline two dollars and 55 cents Heather is the flux and I get that.
Is the crude oil price you're not or grandkids that I hold -- to that at -- back right.
-- don't put that definitely it's gonna come back refining and marketing forty sensors 2535.
Here's forty cents refining and marketing right.
The transportation fifteen cents okay all right there's fifty cents you -- transport the stuff S federal it's federal tax eighteen cents that's called twenty cents rounded up eighteen point 420 cents.
State local -- tax 35 cents.
There's 35 cents you know that leaves Heather that leaves the -- dot -- -- floor guard I just dropped.
There it is this is what.
The mom and pop on the corner selling a gallon of gas -- This is what's left that's the profit on a gallon gasoline so all this outrage about who's making wide.
This this is what it comes down to now the important part the -- you're holding two dollars and 55 cents is crude oil.
This is what American.
Small businesses are making.
That's what the Saudi sheiks are making -- making two dollars and 55 cents because they're selling us the oil it's a 107 dollars a barrel today.
42 gallons in a barrel at each and every gallon that goes into the gallon gasoline cost the American consumer two dollars and 55 cents -- the problem is.
Over the course of the year than 230.
Billion dollars -- sending overseas when that's the money that could come back.
-- Antarctica that's.
This is a drill our own -- that we used our own oil instead of foreign sources of -- -- that's how -- switch here you take it S because that should go to the mom and pop operators and they give me the -- Or even less and that can get as a -- well it would be that that would be the case.
If we build our own oil look at natural gas we use quite a bit in natural gas in America right we don't.
Import -- natural gas from other sources -- a little bit from Mexico little bit from candidate for for the most part.
The vast majority of what we use here we drill here.
So we're not paying a big portion natural gas price isn't going to other countries so those -- the top three oil imports by country Canada Saudi Arabia and Mexico right there nice thank you so much -- and.
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