Gas prices are a product of several complex factors, including availability of crude oil, maintenance of refinery facilities, state, federal and local taxes, and individual gas station markups. A simple breakdown of gas price determination would have it that for every dollar you spend on gas, 11 cents goes to transportation (marketing is also included in that 11 cents), 15 cents goes to taxes, 7 cents to refining, and 67 cents to the suppliers of crude oil. Demand for gasoline in the US has seasonal trends; gas prices are highest surrounding the holidays when traveling is most common. The spring and summer months account for the highest gasoline consumption rates.
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