Breaking down the actual cost of a gallon of gas
Published: May. 11, 2022 at 1:07 PM EDT
CLEVELAND, Ohio (WOIO) - Frustration grows every time you have to fill up your tank, but do you really know the breakdown of the cost for a gallon of gas?
The U.S. Energy Information Administration tracks, not only the cost of fuel but, how much is spent from buying the crude oil to refining it into gasoline and getting to your local station.
What you might be surprised by is the amount of profit the gas station owner is making is actually very low.
Using the average cost of a gallon of gas from March of this year, here is the actual breakdown:
Copyright 2022 WOIO. All rights reserved.