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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
As the treatment with additives (1:40000 [40]) is a cheaper way to enhance No.2 fuel in winter, most stations offer winterized diesel in cold weather conditions. In regions with colder weather, most gas stations offer No.1 fuel at the same pump allowing drivers to decide for themselves on a winter blend. [citation needed]
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.
On Tuesday, the national average price of a gallon of gas sat at $3.08 per gallon, down $0.12 from a month ago and $0.29 lower than a year ago, according to AAA data.
The current decline is notable given prices at the pump are about $0.30 lower than a year ago, when oil was hovering around the same levels as today.
The price of gasoline varies considerably between the summer and winter months. [108] There is a considerable difference between summer oil and winter oil in gasoline vapor pressure (Reid Vapor Pressure, RVP), which is a measure of how easily the fuel evaporates at a given temperature.
Gasoline prices have already seen their summer peak and will likely head lower going into the fall, according to one oil analyst. On Wednesday, the national average price of a gallon of gas sat at ...
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...