Saturday, November 1, 2014

What Drives U.S. Gasoline Prices?

"Crude oil is the main input cost in the production of gasoline, and changes in crude oil price, along with changes in gasoline market conditions, drive changes in wholesale and retail gasoline prices. EIA estimates that about two-thirds of the price of gasoline at the pump is attributable to the refinery cost of crude oil. When the price of crude oil changes, the price of wholesale gasoline adjusts concurrently to reflect the increased refinery input cost, other market factors being equal..."
Gasoline prices

No comments: