Business

Gas prices at record levels for Labor Day weekend

Of the total cost of gasoline, 65 percent comes from the price of crude oil. Of the remainder, 15 percent comes from refining costs and profits, 8 percent comes from distribution, marketing, retail costs, and profits, and 12 percent comes from taxes. The cost of crude oil, and thus the price at the pump, is influenced by a number of outside factors.

Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com