If you’ve been frustrated at the pump lately, you’re not alone. California continues to have some of the highest gas prices in the nation—and it’s not just about the price of crude oil. According to the California Energy Commission, the cost of gasoline includes a complex mix of components beyond the fuel itself.

Here’s a quick breakdown of where your gas money goes:

  • Crude Oil (34%) – This is the raw material for gasoline and the largest single component of the retail price.
  • Refining Costs & Profits (21%) – Includes the cost of refining crude oil into gasoline and profit margins for refiners.
  • State Taxes (14%) – Includes excise tax, sales tax, and other state-specific fees.
  • Distribution, Marketing & Retail (10%) – Covers the cost of getting fuel to your local station and retail profit margins.
  • Cap-and-Trade & Low Carbon Fuel Standard Programs (17%) – These programs aim to reduce carbon emissions but add significant cost to every gallon sold.
  • Federal Taxes (4%) – Standard federal excise tax per gallon.

With so many variables out of your control, how can you better manage your fuel expenses—especially if you’re running a fleet or a fuel-intensive operation? Let us tell you…

Take Control with Our CFN Card Program

At Greg’s Petro, we understand how unpredictable fuel costs can impact your bottom line. That’s why we offer a CFN card program designed to help you track, limit, and save on fuel expenses.

Here’s how our fuel card helps:

✅ Track – Get detailed reports on fuel usage by vehicle, driver, and location so you know exactly where every dollar is going.
✅ Limit – Set purchase limits by time, day, product type, and amount to eliminate misuse and control spend.
✅ Save – Access competitive commercial pricing through the CFN network and reduce unauthorized fuel purchases.

Whether you manage a small fleet or multiple locations, our fuel card program gives you the insight and control you need to stay ahead—no matter what’s happening in the oil market or at the pump.

Click here to learn more about our CFN card program and start gaining control over your fuel expenses today.