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As of March 2013, the average price for 87 octane gasoline was $3.22 a US gallon (85¢/L).In 2008 a report by Cambridge Energy Research Associates stated that 2007 had been the year of peak gasoline usage in the United States, and that record energy prices would cause an "enduring shift" in energy consumption practices.
The speculation of oil commodities can also affect the gasoline market.This includes the resources it takes for exploration, to remove it from the ground, and transport it.Between 20, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil.The usage and pricing of gasoline (or petrol) results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply).Since fuels are traded worldwide, the trade prices are similar.Finding them is easy with our totally FREE Hot Springs dating service.
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the cost of crude oil accounted for 62% of the cost of a gallon of gasoline in the United State while refining accounted for just 12%.
Taxes and distribution/marketing accounted for 12% and 14% respectively.
By 30 August, a day after Katrina’s landfall, prices in the spot market, which typically include a premium above the wellhead price, had surged pass per gigajoule ( per million British thermal units), and by 22 September 2005, the day before Rita’s landfall, the spot price had risen to /GJ ( per million BTU).
Crude oil is the greatest contributing factor when it comes to the price of gasoline.
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