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In its simplest form, the price of gasoline consists of the total price of four individual components, according to the U.S. Energy Information Association: refining, distribution and marketing ...
Individual filling stations in the United States have little if any control over gasoline prices. [citation needed] The wholesale price of gasoline is determined according to area by oil companies which supply the gasoline, and their prices are largely determined by the world markets for oil. Individual stations are unlikely to sell gasoline at ...
From trucking gas to gas stations to winning over new commercial customers, distribution and marketing can account for about 11% of the price of gas at the pump. 4. Federal and state taxes
In the U.S., most consumer goods bear pre-tax prices, but gasoline prices are posted with taxes included. Taxes are added by federal, state, and local governments. As of 2009, the federal tax was $0.049 per liter ($0.184/U.S. gal) for gasoline and $0.064 per liter ($0.244/U.S. gal) for diesel (excluding red diesel). [104]
The largest component of the average price of $2.80/gallon of regular grade gasoline in the United States from 2012 through 2021, representing 54.8% of the price of gas, was the price of crude oil. The second largest component during the same period was taxes—federal and state taxes representing 17% of the price of gas.
If you've filled up your gas tank lately, you've likely felt a bit of a sting as it seems prices have gotten out of control again -- especially in some parts of the country. Owners of larger cars ...
Average gasoline prices by country. Geographical pricing, in marketing, is the practice of modifying a basic list price based on the geographical location of the buyer. It is intended to reflect the costs of shipping to different locations. There are several ways to apply the cost of shipping to the prices.
Why are gas prices so high, and when will gas prices go back down? Oil prices are just one factor, and consumers could face more record prices at the pump.