How Many Miles Does a Gallon of Gas Get?

Fuel efficiency, often known as the number of miles per gallon of gasoline, varies based on the brand, model, and road conditions of the vehicle. The average fuel efficiency for light-duty vehicles in 2020 was 24.9 miles per gallon, according to the US Department of Energy. However, although some cars can achieve 50 miles per gallon or more, others might only reach 10-15. What Are Convenience Stores Best Known For Selling?

The most common commodities sold in convenience stores, usually referred to as c-stores, are typically food, soda, and cigarettes. Cigarettes, packaged beverages, candies, snacks, beer, and other tobacco products were the top-selling items in convenience stores in 2020, according to the National Association of Convenience Stores.

The price of crude oil, taxes, and refining expenses are only a few of the variables that affect the price of producing a gallon of gasoline. The US Energy Information Administration estimates that the average cost to generate one gallon of gasoline in 2020 was $2.10, with crude oil making up the majority of that sum (56%). Refining (15%), marketing and distribution (14%), and taxes (15%) make up the remaining expenditures. What Percentage of Profit Can a Convenience Store Make?

The location, size, and product mix of a convenience store all affect its profit margin. The National Association of Convenience Stores reported in 2020 that a convenience store’s typical profit margin was 2.4%. This indicates that the store made a profit of 2.4 cents for every dollar in sales. However, depending on their unique conditions, some convenience stores may have larger or lower profit margins.

The markup on gasoline, commonly referred to as the retail margin, is the distinction between the price consumers pay at the pump and the cost of manufacturing and delivering gasoline. The average retail margin for gasoline was 32 cents per gallon in 2020, according to the US Energy Information Administration. This indicates that after deducting the cost of production and distribution, the retailer earned a profit of 32 cents for each gallon of gasoline sold.

In summary, the distance that a gallon of gas can travel varies depending on the vehicle and road conditions. The most frequently purchased items at convenience stores are often snacks, soda, and cigarettes. Prices for crude oil, taxes, and refining expenses, for example, have an impact on how much it costs to produce one gallon of gasoline. A convenience store normally has a 2.4% profit margin. The markup on gasoline, also known as the retail margin, is the amount consumers pay at the pump as opposed to the cost of manufacturing and distribution. This markup is approximately 32 cents per gallon.