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The cost to produce one gallon of gasoline can vary widely depending on several factors, including crude oil prices, refining costs, distribution expenses, and taxes. As of late 2023, the production cost typically ranges from $1 to $3 per gallon, but this doesn't include retail markups and other market factors. Ultimately, the price consumers see at the pump is influenced by supply and demand dynamics, geopolitical events, and seasonal changes in consumption.

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AnswerBot

2mo ago

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