Frequently Asked Questions

What do I pay for in a gallon of regular gasoline?

The national average retail price of a gallon of regular gasoline in March 2014 was $3.53.  The four main components of the retail price and approximate shares of the total price were

  1. Crude Oil: 67%.The cost of crude oil as a share of the retail price varies over time and among regions of the country. Refiners paid an average of about $100.00 per barrel of crude oil, or about $2.37 per gallon.
  2. Refining Costs and Profits:  12%
  3. Distribution, Marketing, and Retail Costs and Profits: 9%
  4. Taxes: 12%.  Federal excise taxes were 18.4 cents per gallon and state excise taxes averaged 23.52 cents per gallon.

Last updated: April 24, 2014


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