Please cite sources
2006-12-12 01:51:28 · 9 answers · asked by ? 2 in Business & Finance ➔ Other - Business & Finance
Has nothing to do with the government (other than the taxes on top of the raw price). OPEC has a LOT of influence on the price of crude oil globally. U.S. companies can offset this somewhat since some of their oil comes from non-OPEC controlled sources. Once the price is determined, the cost of refining and moving the gas is added along with other overhead costs and the desired profit. This is all done at least hourly (although I suspect it runs constantly with up-to-the-second updates), for some reason, by gasoline companies.
2006-12-12 02:04:19 · answer #1 · answered by Aegis 4 · 1⤊ 2⤋
The price of gas is composed of 4 things, Crude oil (59%), Taxes (20%), Distribution & Marketing (11%), and Refining (10%).
A change in the price of gas is usually the result of a change in price of crude oil.
Check this link out for more info.
http://money.howstuffworks.com/gas-price.htm
2006-12-12 01:56:39 · answer #2 · answered by Stuart J 2 · 2⤊ 1⤋
Basically the price of crude oil determines the price of many items we use everyday, including gasoline.
2006-12-12 01:55:01 · answer #3 · answered by Monte T 6 · 1⤊ 1⤋
Your not going to get any real sources. Simply because the governments has there hands in it.
2006-12-12 01:53:31 · answer #4 · answered by Anonymous · 1⤊ 2⤋
Depends on how much the old man BUSH needs for his x-mas party! SOURCE: My tax return!
2006-12-12 01:53:51 · answer #5 · answered by Anonymous · 1⤊ 3⤋
Supply and demand.
2006-12-12 01:58:30 · answer #6 · answered by visitor42353 2 · 1⤊ 1⤋
By greed
2006-12-12 01:53:26 · answer #7 · answered by Anonymous · 1⤊ 1⤋
By how much cabbage you eat and how much ale you drink!
2006-12-12 01:52:37 · answer #8 · answered by Win 4 · 0⤊ 1⤋
1l.e dodo_sie@yahoo.com
2006-12-12 02:01:33 · answer #9 · answered by dodo 4 · 0⤊ 1⤋