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Price breakdown: What you pay for when you buy gas

Posted at 5:52 PM, Jun 14, 2022
and last updated 2022-06-14 20:56:30-04

As of Monday, a regular gallon of gas in Utah has reached an average price of near $5.02 a gallon, according to the American Automobile Association.

The Energy Information Administration tracks the price and production of petroleum products. Prior to 2022, the highest annual average price for a gallon of regular was $3.50 in 2012.

LINKS: Here's where to find the cheapest gas across Utah

When you pay for a gallon of gas, most of the cost goes towards the crude oil used as the basic ingredient. According to the EIA, the five dollars for a gallon of gas breaks down four ways:

  • Crude oil: $3.00
  • Refining: $.85
  • Distribution and Marketing: $.55
  • Taxes: $.60