How much will gas be if oil hits $200 a barrel?

If oil hits 200 dollars a barrel, gasoline prices would roughly double from current levels, but exact pump price depends on taxes, refining margins, and location. Crude oil is about 50 to 60 percent of gasoline cost, so when crude doubles from 80 to 200 dollars, gasoline does not exactly double but rises significantly. At 80 dollars per barrel, US average gasoline is about 3.50 to 4.00 dollars per gallon. At 200 dollars per barrel, crude cost per gallon alone is about 4.76 dollars per gallon since barrel is 42 gallons, 200 divided by 42 equals 4.76, plus refining cost about 0.50 to 1.00, distribution and marketing 0.30, and taxes average 0.50, so retail would be roughly 6.50 to 8.00 dollars per gallon average in US, higher in California and states with high taxes, maybe 7 to 9 dollars. In Europe with higher taxes, gasoline could be 10 to 12 dollars per gallon equivalent. So if oil hits 200 dollars a barrel, expect US gasoline around 6.50 to 8.50 dollars per gallon, about double current, leading to high inflation and reduced driving.