Falling Gasoline Prices-A Relief That Everyone Should Be Thankful About
Gasoline is considered to be one of the most important things that modern society needs. Without it, people wont be able to function normally in society. Today, we should be thankful that the gasoline prices are continuing to go down. So, why is it that gasoline prices continue on falling? What are the factors that affect the price of gasoline and other oil products?
First of all, you need to know what we pay for in a gallon of gasoline. Basically, we pay for 59 percent for the crude oil, 3 percent for refining, 25 percent for distribution and marketing and 13 percent for the taxes. Now, if you take a look at the figures presented, we only pay for just a little more than half for the gasoline.
Anyway, the price for gasoline today is now cheaper than what we had two years ago. For most people, this is really a relief as the country today is now experiencing a financial crisis. With rising price of commodities, the last thing we need is an increased gasoline price. So, just why is the price for gasoline getting lower and lower and is it still expected to get even lower?
The main...