Latest News

Prince George’s County moves closer to stiffer punishment for illegal off-road vehicles ‘Movies on the Potomac’ returns to National Harbor May 1 NOAA’s Hurricane Hunters Want Prince George’s Co. High Schoolers to Join Their Ranks VC That Backed Fanduel, Peloton Leads Round for D.C.-Based AI Firm Prince George’s Co. Begins Offering Reimbursements for New Security Cameras Trone, Alsobrooks Offer Contrasts in First and Possibly Only Televised Debate Activists at Supreme Court Protest Move to Penalize Homelessness

Resources March 23, 2022

What are you paying for in that gallon of gas?

Author: Matt Gregory, Mia Salenetri (WUSA9)

Gas prices continue to hover at near-record highs. The state of Maryland has already taken a gas tax holiday. Virginia is looking at one as well.

Beyond the gas tax, there are several other items priced into that gallon you buy, but the big-ticket part is cost of crude oil.

ANSWER:

A gallon of gas breaks down into several costs: price of crude oil, taxes, the cost of refining and the cost of distribution and marketing.

WHAT WE FOUND:

“The biggest single factor that drives changes in prices of gasoline is a change in the price of crude oil,” Mark Finley said. “And the price of crude oil is not controlled by the companies. It’s set in a global marketplace as a result of global trends in demand and supply.”

Continue reading at WUSA 9.

Author

DMVDigest Staff

View all posts

You might be interested in …

Local News February 25, 2022

Watch Out for Rainy Commute, Icy Spots Friday Morning in DC Area

After a solid soaking of rain in the Washington, D.C., area, beware of possible icy conditions Friday morning, Storm Team4 says. The good news is that the weather will improve this afternoon. Storm Team4 declared […]

Resources September 12, 2023

Metro to pilot more user-friendly signage

WTOP: Metro realizes navigating its trains, platforms, and stations can be confusing — the D.C. transit agency is set to begin testing new user-friendly signage, to help riders know where they are and where they’re […]

Economic Development April 7, 2022

Maryland House OKs $400M Plan to Help Keep Commanders

By Brian Witte To encourage the Washington Commanders to stay in Maryland, the Maryland House approved a $400 million plan to develop the area around FedEx Field in the suburbs of the nation’s capital, but […]