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The good news for drivers is that gas prices are relatively low now, an average of $3.11 a gallon nationwide according to AAA, up only one cent from the last several days and down about two cents ...
According to the Energy Information Administration (EIA), as of March 2022, factors that affect the price of gasoline in the United States include the price of crude oil per barrel, costs and profits related to refining, distribution, and marketing, and taxes, along with the charge set by refiners for gasoline based on based on octane levels, with higher octane levels—premium grade cost ...
Using the prior example, if the gas cost $2.49 per gallon, your 15-gallon fill-up cost you $37.35. This equates to a rounded-down per mile cost of $.10 which can be calculated by doing this simple ...
In 2010, the company launched its own mobile apps that allowed users to input gas prices from their smartphones. [3] In 2013, Oil Price Information Service (OPIS), a subsidiary of UCG, acquired GasBuddy. [4] OPIS is a provider of petroleum pricing and news for businesses.
The price of gasoline and diesel fuel are based on the price on the New York Mercantile Exchange as a benchmark in Canadian funds. This plus a 6 cent per litre wholesale margin, plus a transportation allowance of 0.5 to 2 cents per litre, and a retail margin of 4 to 5.5 cents per litre (or to a maximum of 7.5 cents per litre for full-serve gasoline).
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In March 2022, the Alberta government announced it would suspend the collection of the fuel tax starting April 1, as a way to fight the rising cost of fuel. [ 19 ] In December 2023, the Alberta government announced that with lower oil prices, the fuel tax would be phased back in after Dec. 31, 2023.
Americans, who had been feeling some relief at the gas pump, are being hit again by rising prices.Indeed, the latest consumer price index (CPI) data, released March 12, showed that gas prices were ...