How is the price of gasoline set?
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40more
40more
Studied at University of California, Los Angeles (UCLA), Lives in Los Angeles, CA
The general rule, according to the EIA, is that about two-thirds of your cost of gas at the pump is determined by crude oil cost. The rest is a combination of taxes, refining, distribution and marketing. These are ultimately just some of the 11 factors we determined influence gas prices.May 8, 2012
2023-06-15 06:57:31
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Felix Brown
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The general rule, according to the EIA, is that about two-thirds of your cost of gas at the pump is determined by crude oil cost. The rest is a combination of taxes, refining, distribution and marketing. These are ultimately just some of the 11 factors we determined influence gas prices.May 8, 2012