Yesterday, we discussed two of the main factors of today’s gas prices – the price of crude oil and the falling dollar. Today, we’ll discuss some of the miscellaneous factors that account for the remaining percentage of the price per gallon.
Demand
The demand for gasoline plays a pivotal role in the price per gallon, too. With the added number of cars throughout China and India, there’s an increased demand all over the world. Those two nations have literally added millions of new vehicles to the roadways in recent years. Of course, demand works the other way, too. When there is less demand, prices typically drop. However, that takes awhile to happen. So if you’re thinking that Americans should just take a week off from buying gas, that’s not enough to bring the prices down.
Refineries
The number of refineries that we can use contributes to the price of gasoline. When Hurricane Katrina happened, the price of gas went up because many refineries were knocked out of commission. But the efficiency of the current refineries also affects the prices. The more efficient they are, the less money you pay at the pump.
Local and Federal Taxes
Now we come to the taxes. In addition to the federal tax of about 20 cents per gallon, there are also local taxes that influence the prices at the pump. That’s one reason why California prices are typically much higher than the average prices across the country.
Before we vilify the “big bad” oil companies, let’s take a look at all the reasons are gas prices are so high. But if those high prices are too rich for your blood, check out the latest fuel-efficient vehicles at your local Pontiac dealer . Visit one today and start saving your gas money the minute you drive off the lot!
Let me start off this post by apologizing. I know everybody is probably tired of hearing about the price of gas. We all know it’s going up with no end in sight. But it’s difficult to find anything else to report about these days since the auto market is dominated by gas. So every day this week, I’ll be posting about gas and oil. I will, however, try to make it interesting and informative. Sound good?
Going to the dealership to get a new car can be a daunting experience. But it really doesn’t have to be. In fact, with a few tips, you can actually get a great deal on a car that you really want. Before you get nervous about the thought of visiting a dealer, consider these suggestions.
In an effort to offset the amount of money they’re spending on fuel, more Americans are doing car repairs themselves instead of paying mechanics to do it.
If you’re like me, you love muscle cars. You love the sound they make, the way they look and what they represent. The Pontiac GTO is one of the first cars that was marketed as a muscle car and it still lives in the minds of car lovers everywhere.
This week’s Pontiac vehicle that was featured in popular American culture comes straight out of the 1980s NBC lineup. I, being a boy between the ages of nine and 13, couldn’t wait until the crime fighters Michael Knight and KITT graced my television screen each week.
Have you grown tired of seeing the meter continue going higher at the fuel stations? Are you excited about the electric car technology? If so, you don’t need to trade that vehicle you adore for one of the newer models.
We all know that lawmakers have made great strides in forcing the auto industry to make their products more efficient. They’ve even encouraged us – the general public – to buy hybrids and other vehicles that get great gas mileage. That’s because they’re all buying in to the idea of global warming supposedly. But how many of them are actually practicing what they preach?