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Question by kris
Submitted on 4/15/2004
Related FAQ: Gasoline FAQ - Part 4 of 4
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how do we get our gasoline, and why does it cost so much? Will the price ever go down?

 
 

Answer by Hush
Submitted on 7/11/2004
Rating: Not yet rated Rate this answer: Vote
Gasoline is derived from processing oil.  Diesel fuel also is from processing oil.  As it happens gasoline is actually a bi-product, and as such really is waste - so it is a little annoying that it is so expensive.  However, consider yourself lucky not to be in England - here fuel prices are exceptionally high because of the ridiculous 70+% fuel taxes!

Prices before tax are created based on the price of oil (priced per barrel) by the oil companies, and then obviously allowances are made for processing by the refinery and transport - together with a profit margin to fund the gas station and staffing throughout the company.

 

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