When has it ever been at 80%?
GASOLINE PUMP COMPONENTS HISTORY
http://www.eia.gov/petroleum/gasdiesel/gaspump_hist.cfm
Presumably when crude oil goes down the corresponding taxes go down by a similar amount. 63%+13%=76%.
OK, let me rephrase that. First, it should have been .75.
In order to get a quicky price guesstimate, you divide the price per barrel by 42(gallons)
$65/42 = $1.55 (per gallon of crude)
Then you divide the price per gallon by the factor .75
1.55 /.75 = 2.07
Then you add the tax (.45)
$2.07 + .45 = $2.52