Average cost of gallon of gasoline?

Answer 1

The true cost of gasoline from a manufacturing standpoint is very low. The white gas is what is left over from all refining processes. It is because of all the profits from prior refining that the white gas becomes costless.

This may be difficult for some to understand being that basic economics teaches that nothing is free. There is a cost to everything manufactured and gasoline is not an exception. Additives and transporting will add to the cost. As stated it is still very low.

Just what the cost is is a matter of creative paperwork. But for now please consider that Shell Oil had a cost of just 5 cents a gallon. Yes, FIVE CENTS a gallon. That cost was considered to be transportation cost. This cost was during the mid 1980's when gasoline was around say, $1.25 a gallon.

For some manufacturers the cost will be different but still low as compared to what consumers are paying. Iraq, Saddam Hussein period gasoline was stated to be 4 cents a gallon. Saudi Arabia, same time gasoline was stated to be 7 cents a gallon. I forgot the name of the country in South America, gasoline was 15 cents a gallon.

Once again, the true cost of gasoline is low...because of all the profits from refinement of the crude to produce oils, minerals, solvents, metals, plastics and distillates to name a few.

Answer 2

Depends on where you live. In my area it is around $2,80 for Regular.

Answer 3

As of 4/08/11 in my area $3.73