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How are gasoline prices determined?
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May 20, 2022 · With the price of gas rising above $2 per litre and setting new records in Canada this year, CTVNews.ca looks at what goes into the price per litre of gasoline and where the situation could go...
Jun 9, 2022 · Gasoline prices are determined largely by the laws of supply and demand. Gasoline prices cover the cost of acquiring and refining crude oil as well as distributing and marketing the...
- Hans Wagner
What makes up the price of a litre of Shell gasoline? Four costs go into Shell's pump price: crude oil, taxes, refiner margin, and marketing margin. Gasoline prices go up and down over time and vary from place to place, so the price breakdown for a litre of gasoline also varies.
Sep 5, 2024 · In 2023, the national annual average price of midgrade gasoline was about 52 cents per gallon more than regular-grade gasoline, and the average price for premium-grade gasoline was about 85 cents per gallon more than regular-grade gasoline.
The primary factors impacting gasoline prices are global crude oil cost (50%), refining costs (25%), distribution and marketing costs (11%) and federal & state taxes (14%), which are generally reflected in the wholesale costs that gasoline retailers pay to distributors.
KOHO explains the factors that determine gas prices in Canada. Learn about production costs, taxes, and market influences on fuel prices.
May 24, 2022 · The price of gas can be broken down to four components: the price of crude oil, the cost to refine it into gasoline, the markup from the gas station owner and, of course, taxes. The primary...
