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How crude-oil prices influence gasoline prices

Green Car Congress

Gasoline is one of the products refined from crude oil. Thus, the price of crude oil should have a strong influence on the price of gasoline. However, the retail price of gasoline includes other costs as well. Gasoline prices are also influenced by gasoline demand relative to gasoline supply.

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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. gal to $2.91/gal

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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. This has been the trend for the last 30 years. So how did this happen? million (360,000 of them being plug in hybrids). In Norway, most cars are imported.

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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

The differences from AEO2013 to AEO2014 result from different fuel prices, updated manufacturer product offerings, changing technology attributes, and an updated view of consumer perceptions of infrastructure availability for E85 vehicles. This resulted in the significantly lower level of VMT growth after 2018 compared with AEO2013.

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