The Phoenix area is no stranger to high gas prices, and the numbers continue to increase in the Valley with an average of $4.63, according to GasBuddy. We have an expert breaking down exactly what goes into the prices.
Experts say gas stations are trying to get rid of the winter blend and bring in the summer blend.
"The cost of crude oil today, I think was like $85/$86 on average, which would give you a built-in cost of probably $2.04 a gallon just for the crude oil. Then when you go to the refineries and the refineries have to refine that product. It's generally anywhere between 50 and 70 cents a gallon to refine it, to make the gasoline that we use," he explained.
That comes out to a penny a gallon, and then you've got other federal taxes which equate to around a penny a gallon.
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