Not sure if you are like us, but we’ve long wondered what makes the price of gasoline at the pump change and sometimes so dramatically.
Maybe this topic is more top of mind as with a larger vehicle it’s easy to get to the credit card max for the pump max of $100 this day and age!
Of course spot gas prices are a contributing factor (just over half), but as our friends here at Visual Capitalist point out along with the EIA, there are more factors than just the spot price of gasoline for what we pay at the pump.

Interesting but not surprising location of the Top 10 Largest Refineries… bottom right of chart!
The following from the actual article:
The Four Main Factors
According to the EIA, there are four main factors that influence the price of gas:
- Crude oil prices (54%)
- Refining costs (14%)
- Taxes (16%)
- Distribution, and marketing costs (16%)
More than half the cost of filling your tank is influenced by the price of crude oil. Meanwhile, the rest of the price at the pump is split fairly equally between refining costs, marketing and distribution, and taxes.
Have a Great “Now you know how the pumps price of Gasoline occurs“ day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents
Thoughts and Forecasts From Kyle Bass … Oil $100/Barrel By Year End 2021 ?
The summer garnered a new found passion towards Podcasts…. While we do our Monthly reviews and Newsletters in an Audio, Video, Podcast like format…. Most podcasts are an hour or longer, making for interesting deep dives into the discussion, especially if the person(s) talking are very intelligent in the specific material….
Hat tip JP for the shove in sharing your favorites…. I have taken the ball and run with it!
In another crossing with this interesting investor, Kyle Bass, on a paid podcast platform, specifically for professional investors…. we highlight Mr. Bass’ current thoughts…
Six years ago, we highlighted his thoughts here in our post and in reviewing his comments, his bets were very correct!
Forecasts and Future Expectations from Kyle Bass
Once again, like we did six years ago, in our public Diary of sorts, we outline Kyle’s thoughts for future reference …. so here we go:
These were actually done in order of the Podcast (basically taking notes while listening) but the most interesting in our opinion are the last three points…
Marked as Forecast, which we have had a lot of lately…will review for accuracy in the future!
Have a Great “Kyle Bass” Forecasting Day!
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
jkfinancialinc
street-cents
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Posted in Economy, FOMC, Forecast, Interest Rates, Investing/Financial Planning, Market Comments
Tagged Bass, FOMC, Interest Rates, Kyle Bass, Oil