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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 ...
Gas prices change based on the cost of crude oil, refining, distribution and marketing, and federal, state and local taxes. Four key factors affect the price of gas. Here's how, and why gas prices ...
WHAT OTHER FACTORS ARE AFFECTING FUEL PRICES? Tight refining supply has kept the gap wide between wholesale gasoline futures and retail prices, currently at about $1.25 a gallon, far exceeding the ...
In the case of gasoline, the supply-demand dynamic for oil is the most important contributor to the price of gasoline. A number of factors have driven the price of crude oil significantly higher ...
Indeed, the gap between unfinished gasoline futures known as RBOB, and retail prices, is currently $1.14 a gallon, highest since April 2020. (Reporting by Laura Sanicola in New York Editing by ...
Future gas prices depend on a number of factors that aren’t easy to predict, but as a benchmark, the U.S. Energy Information Administration released predictions for lower gas prices, averaging ...
There are other variables that affect gasoline prices. California gasoline prices have been the nation’s highest largely because of tougher environmental regulations and limited refinery capacity.
The real-world difference is greater, because gas prices were lower in 2019 and 2020. In May 2019, for instance, gas prices were around $2.95. So the 6.7% margin represented a cost of about 20 ...