Archive for January, 2009

How Retail Gas Price is Calculated

Posted on January 31, 2009. Filed under: Miscellaneous |

Check out this article on how gas price is calculated
Formula of gas price =
(Wholesale “rack” prices, based on the prices of gasoline futures and crude oil on New York markets, in Canadian dollar +
Ontario gasoline tax (14.7 cents) +
Federal gasoline tax (10 cents) +
7 to 9 cents profit margin) [...]