SureMileage provides companies with an easy-to-use mileage tracking software that streamlines every step of the reimbursement process.
SureMobile automates mileage tracking, trip logging, and expense report submission for employees and managers on the go.
SureExpense brings the ease and accessibility of CompanyMileage’s mileage tracking solution to all other T&E expenses.
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Last Updated: April 6, 2016
Oil has dropped 25% in the last few months, yet gasoline has only dropped 12-13%.
Though we all equate oil and gasoline there are several other components that affect the price of gasoline; Taxes, Distribution, Marketing and Refining. These expenses are fairly flat and therefore make up a larger percentage of gasoline as the price of crude drops.
What makes up the price of gas?
Assume gas of $3.50 Gallon
$0.49 Taxes (average – see below) $0.175 Distribution & Marketing $0.175 Refining $2.66 Crude Oil
Did you know that Gasoline Taxes vary dramatically by state, from as low as 26.4¢ in Alaska to as high as 69¢ in California and throughout the East Coast.
Click the image below to see a full report on taxes by state prepared by American Petroleum Institute
Written by The CompanyMileage Team
Marketing
CompanyMileage helps hundreds of organizations across multiple industries effectively manage the cost of reimbursing employee mileage expenses through it's mileage and expense management software solutions.
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Determine an estimated mileage rate based on gas prices in your area.
Figures are based on an internal analysis by CompanyMileage.
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