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 June 2014 was $3.69. 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 $104.00 per barrel of crude oil, or about $2.47 per gallon.
  2. Refining Costs and Profits: 14%
  3. Distribution, Marketing, and Retail Costs and Profits: 8%
  4. Taxes: 12%. Federal excise taxes were 18.4 cents per gallon and state excise taxes averaged 23.52 cents per gallon.

Last updated: July 24, 2014

Other FAQs about Prices

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Conversion & Equivalents

Crude Oil





General Energy

Natural Gas




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