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How crude-oil prices influence gasoline prices

Green Car Congress

The Energy Information Administration (EIA) estimates that in the United States from 2008 to 2017, crude oil represented only 61% of the retail price of gasoline. Refining costs and profits represented 12%, distribution and marketing costs 12%, and federal and state taxes 15%.

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US average retail gasoline prices ended 2017 lower than they started

Green Car Congress

US regular retail gasoline prices averaged $2.72 per gallon (gal) in 2018, 30 cents/gal (13%) higher than in 2017 and 57 cents/gal higher than in 2016. In 5 of the 10 cities for which EIA collects weekly retail price data, gasoline prices exceeded $3.00/gal gal at least once in 2018. Gulf Coast (Houston).

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Norweign Drivers switch to Electric Cars

EV Report

In comparison, in 2018 US and China had a total combined sales of 1.2 25 per cent consumption tax that is charged on most consumer goods are extra charged with purchase tax. By 2017, the number of stations increased to 300 from 2014. This has been the trend for the last 30 years. So how did this happen?

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013. Electric power generation from renewables is bolstered by legislation enacted at the beginning of 2013 extending tax credits for generation from wind and other renewable technologies. Tcf in 2012 to 2.1

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