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On Monday (July 11), US gasoline prices fell again

 Last Update: 2023-02-11
 Source: Internet
 Author: User

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According to the latest data from the AAA natural gas price website, U.
S.
gasoline prices fell
again on Monday, according to the latest data from the AAA natural gas price website.

Brent crude fell from $114.
81 a barrel at the close of trading on June 30 to $100.
69 a barrel on July 6 before jumping to $107.
02 a barrel on July 8
.

According to the latest U.
S.
Energy Information Administration (EIA) gasoline and diesel fuel update, 59% of the retail price of conventional gasoline ($4.
44 per gallon) in May includes the cost
of crude oil.
According to the EIA's latest report, 26 percent of the increase came from refining costs, 11 percent from taxes, and 5 percent from distribution and marketing costs
.

The latest EIA data showed that diesel prices were $5.
57 per gallon in May, with crude oil accounting for 47%.

According to the EIA, refining costs account for 25 percent, distribution and marketing for 17 percent, and taxes for 10 percent
.

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