A Taxing Journey

What determines the price of gas at your local station? It isn't just the price of a barrel of crude oil. By far the biggest factor in determining the price at the pump is the taxes -- or subsidies -- that a government levies on gas. In Venezuela, a state that subsidizes prices, a gallon of gas only sets you back 15 cents. In Germany, however, a state that taxes gas heavily, a gallon costs $5.53. So, how far you can go with $20 of gas depends on where you start your engine.