This Is What Actually Determines the Price of A Gallon of Gas

Gas prices are central to everything these days. Biden’s approval rating seems to move inverse with the price of gasoline. The entire market started rallying after gasoline prices started moving lower in June. But then, what exactly determines the price of gasoline?

Of course oil is a big part of it, but it’s just one significant driver. There is also refining capacity. And taxes. And the gas station’s margin. And the cost of distribution within the United States.

So how does it all shake out? On this episode we speak with Patrick DeHaan, head of Petroleum Analysis at GasBuddy, who breaks it all down, and helps us understand the market for gasoline.

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