| Gas Price Influences |
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Estimated component costs of Oregon gasoline
Crude delivered for refinement
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51%
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Refining
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17%
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Distribution and marketing
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8%
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Federal tax
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10%
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State of Oregon tax
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14%
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Influences on global price
- As an international commodity, crude oil price is based on global demand
- Organization of Petroleum Exporting Countries quotas (wellhead production)
- Demand (much higher during the Northern Hemisphere summer)
- Composite refinery capacity and throughput rates
- Futures prices of crude in the commodities market (selling price in future)
- Demand for other petroleum products shifts crude availability for gasoline
- Constraints to supply from political unrest
Influences on national or regional price
- Over 80% of the crude oil refined for Oregon use comes from Alaska
- Oregon gets most of refined petroleum products from four Puget Sound refineries
- Unexpected slowdowns or shutdowns in those four adversely impacts local cost
- Over 90% of Oregon supply delivered on Olympic Pipeline from Anacortes, WA.
- Seasonal changeover from heating oils to gasoline
- Seasonal changeover of gasoline formulations and higher summer demand
- Distance from refineries increases transportation cost of fuel
- No new refineries serving North America in more than a dozen years
- West coast (PADD 5) historically has slightly higher than national average
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Curious About Gas Prices? This U.S DOE. Brochure Explains Price Fluctuations
US DOE Gasoline & Diesel Fuel Update
AAA Daily Fuel Gauge for Oregon
"Top 15 Ways to Save Gasoline".
Ever wonder how much the cost of crude oil contributes to what you pay for a gallon of gasoline? Or how much of what you pay for gasoline goes to state and local taxes? Find out here.
American Petroleum Institute - Classsroom Energy
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