1. The Impacts of Rising Gasoline Prices Doug MacIntyre Energy Information Administration September 30, 2005 Metropolitan Washington Council of Governments

2. U.S. Average Retail Regular Gasoline Prices Source: EIA Weekly Retail Gasoline Price Survey.

3. Retail Regular Gasoline Prices in DC Area Source: AAA Fuel Gauge Report

4. DC Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

5. MD Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

6. VA Retail Regular Gasoline Prices Source: AAA Fuel Gauge Report

7. Taxes - a monthly national average of federal and state taxes applied to gasoline or diesel fuel Distribution & Marketing Costs & Profits - the difference between the average retail price of gasoline as computed from EIA's weekly survey and the sum of the other 3 components Refining Costs & Profits - the difference between the monthly average of the spot price of gasoline (used as a proxy for the value of gasoline as it exits the refinery) and the average price of crude oil purchased by refiners (the crude oil component). Crude Oil - the monthly average of the composite refiner acquisition cost, which is the average price of crude oil purchased by refiners What We Pay For In a Gallon of Regular Gasoline August 2005 Retail Price: $2.49/gallon

8. WTI Crude Oil Prices Expected to Remain High in September Short-Term Energy Outlook Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005.

9. World oil demand growth, led by China, is surging at very high rates Recent World Oil Demand Growth Has Been Strong Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005, Medium Recovery Case.

10. Forecast Spare capacity hit its lowest level in 30 years in 2005; little increase in 2006 Spare Production Capacity is Minimal Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005, Medium Recovery Case.

11. OECD Commercial Oil Inventories Remain Better than Last Year Through July Source: History through July 2005: Oil Market Report, IEA, September 2005.

12. Low Excess Capacity and Low Days of Supply Are Fundamentals Supporting High Crude Prices Sources: WTI: Reuters; OECD Days Supply: International Energy Agency & EIA Estimates; World Excess Production Capacity: EIA estimates.

13. U.S. Total Gasoline Inventories Sources: History: EIA; Projections: Short-Term Energy Outlook, September 2005. ActualForecast NOTE: Colored Bands are Normal Stock Ranges

14. U.S. Finished Gasoline Demand Sources: History: EIA

15. Plantation and Colonial Pipelines

17. EIA Gasoline & Diesel Fuel Update Page, http://tonto.eia.doe.gov/oog/info/gdu/gasdiesel.asp Primer on Gasoline Prices, http://www.eia.doe.gov/neic/brochure/oil_gas/primer/prim er.htm http://www.eia.doe.gov/neic/brochure/oil_gas/primer/prim er.htm AAA Fuel Gauge Report, http://www.fuelgaugereport.com/ http://www.fuelgaugereport.com/ This Week In Petroleum, http://tonto.eia.doe.gov/oog/info/twip/twip.asp http://tonto.eia.doe.gov/oog/info/twip/twip.asp National Energy Information Center, (202) 586-8800, infoctr@eia.doe.gov infoctr@eia.doe.gov Doug MacIntyre, (202) 586-1831, douglas.macintyre@eia.doe.gov douglas.macintyre@eia.doe.gov Links and Contacts