![An ExxonMobil gas pump is seen on February 01, 2022 in Houston, Texas.](https://media.cnn.com/api/v1/images/stellar/prod/220321085636-us-gas-pump-0201.jpg?c=16x9&q=w_1280,c_fill)
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This is what determines the price of gas
Gas prices rise and fall but where is your money actually going? CNN's Jon Sarlin breaks down what goes in every cent at the pump.
01:57
- Source:
CNN
Oil and Energy
15 videos
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This is what Chevron's CEO thinks about climate change
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'I can't withstand the heat': Americans behind on utility bills face extreme weather
![nightcap inflation 4x3](https://media.cnn.com/api/v1/images/stellar/prod/220811160547-nightcap-inflation-4x3.jpg?c=16x9&q=w_250,c_fill)
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Inflation is cooling but prices are still painfully high
![Picture taken on May 9,2022 shows equipment operated by GCA (Gas Connect Austria) and TAG (Trans Austria Gas pipelines) at one of the largest interconnection gas hubs in Europe at Baumgarten an der March, Lower Austria. - The facility mainly receives Russian imports, but takes also shipments of gas from Norway and some other countries. These supplies are re-routed to consumption centers in Austria and in Europe via a number of pipeline systems running in various directions. The Baumgarten hub consists of gas reception, metering and testing facilities. (Photo by JOE KLAMAR / AFP) (Photo by JOE KLAMAR/AFP via Getty Images)](https://media.cnn.com/api/v1/images/stellar/prod/220511081557-gas-hub-austria-0509.jpg?c=16x9&q=w_250,c_fill)
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EU countries agree to reduce gas consumption to prep for winter
![video thumbnail iea director 1](https://media.cnn.com/api/v1/images/stellar/prod/220721101308-video-thumbnail-iea-director-1.jpg?c=16x9&q=w_250,c_fill)
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IEA director says Europe needs to lower gas consumption to prepare for winter
![The sun rises behind the pipe systems and shut-off devices at the gas receiving station of the Nord Stream 1 Baltic Sea pipeline and the transfer station of the OPAL gas pipeline, Baltic Sea Pipeline Link, in Lubmin, Germany, Monday, July 11, 2022. The Nord Stream 1 pipeline, Germany's main source of Russian gas, is scheduled to be out of action until July 21, 2022, for routine work. The operator said the gas flow was reduced progressively starting at 6 a.m.](https://media.cnn.com/api/v1/images/stellar/prod/220711104935-nord-stream-1-pipeline-germany-0711.jpg?c=16x9&q=w_250,c_fill)
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Nord Stream 1 makes Europe more reliant on Russian gas. Here's why
![bruno le maire ctw 0719](https://media.cnn.com/api/v1/images/stellar/prod/220719123249-bruno-le-maire-ctw-0719.jpg?c=16x9&q=w_250,c_fill)
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French finance minister says country prepping for cutoff of Russian gas supply
![amanpour peter szijjarto](https://media.cnn.com/api/v1/images/stellar/prod/220705144603-amanpour-peter-szijjarto.jpg?c=16x9&q=w_250,c_fill)
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Hungarian foreign minister on why the country is still buying Russian energy
![gas price explainer](https://media.cnn.com/api/v1/images/stellar/prod/220615101307-gas-price-explainer.jpg?c=16x9&q=w_250,c_fill)
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Three reasons gas prices are expected to stay high
02:44
Now playing
- Source:
CNN Business
![Christine Romans](https://media.cnn.com/api/v1/images/stellar/prod/220615080033-christine-romans.jpg?c=16x9&q=w_250,c_fill)
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'Not acceptable': Biden calls out oil refinery profit margin in letter
![biden putin SPLIT 0220](https://media.cnn.com/api/v1/images/stellar/prod/220220203733-biden-putin-split-0220.jpg?c=16x9&q=w_250,c_fill)
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Fact-checking Biden's claim that Putin shares blame for inflation
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Hear why this gas station owner is selling gas at a loss
![oecd secretary general mathias cormann](https://media.cnn.com/api/v1/images/stellar/prod/220608105036-oecd-secretary-general-mathias-cormann.jpg?c=16x9&q=w_250,c_fill)
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OECD secretary-general explains global cost of the Russian oil embargo
![Gas prices over the $6 dollar mark are displayed at a gas station in Sacramento, Calif., Friday, May 27, 2022. (AP Photo/Rich Pedroncelli)](https://media.cnn.com/api/v1/images/stellar/prod/220603130353-gas-prices-california-0527.jpg?c=16x9&q=w_250,c_fill)
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How gas prices and inflation could impact midterm elections