Gasoline is an essential commodity that many people depend on for daily transportation needs. As such, fluctuations in gas prices can significantly impact household budgets. If you are a motorist in the US, you have probably heard of Murphy gas stations, which are famous for their convenience and low prices. In this article, we explore Murphy gas prices, the factors that influence them, and what you can do to save money at the pump.
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Who are Murphy Gas Stations?
Murphy USA is a retail marketer of gasoline and convenience store merchandise, operating over 1,500 stores across 25 states in the US. The company was founded in 1996 as a spin-off from Murphy Oil Corporation and has since grown to become one of the largest players in the US retail gasoline market. Murphy gas stations are known for their low prices, and they often undercut their competitors by a few cents per gallon.
The Current State of Gas Prices in the US
Gasoline prices in the US are constantly fluctuating, influenced by a range of economic and geopolitical factors. According to the US Energy Information Administration (EIA), the average price for regular gasoline in the US was $3.03 per gallon in May 2021, up from $2.17 in May 2020. The highest average price in the US was in California, where drivers paid $4.18 per gallon, while the lowest was in Mississippi, where drivers paid $2.68 per gallon.
Why do Gas Prices Fluctuate?
Gasoline prices fluctuate due to a range of factors, including supply and demand, production costs, taxes, and competition. The price of crude oil, the primary raw material used to produce gasoline, is one of the most significant factors that influence gas prices. When crude oil prices increase, gasoline prices usually follow suit. Additionally, taxes imposed by federal, state, and local governments, as well as distribution and marketing costs, can also affect gas prices.
Factors that Influence Murphy Gas Prices
As with other gas stations, several factors influence Murphy gas prices. These include:
Crude Oil Prices
As mentioned earlier, crude oil prices have a direct impact on gasoline prices. When crude oil prices rise, Murphy and other gas stations usually increase their prices to maintain their profit margins.
Refining Costs
Refining costs refer to the costs associated with turning crude oil into gasoline. These costs can be affected by several factors, including changes in demand and supply, maintenance costs, and environmental regulations.
Distribution and Marketing Costs
Distribution and marketing costs refer to the expenses associated with transporting gasoline from refineries to gas stations, as well as the costs of advertising and running a gas station.
Taxes
Federal, state, and local taxes can significantly impact gas prices. For example, in California, taxes can account for over 50% of the retail price of
gasoline. Murphy gas prices are also influenced by taxes, with the specific amount varying by state.
Competition
Competition is another factor that influences Murphy gas prices. In areas where there are several gas stations, prices tend to be more competitive. Murphy often tries to undercut its competitors by offering lower prices to attract more customers.
How to Find the Best Murphy Gas Prices Near You
If you’re looking to save money on gasoline, it’s important to shop around and compare prices. Here are some ways to find the best Murphy gas prices near you:
Use GasBuddy
GasBuddy is a popular app that allows users to compare gas prices at different stations in their area. The app is free to use and is available for both iOS and Android devices.
Check Murphy’s Website
Murphy’s website also provides information on current gas prices at its various locations. You can use the website to find the Murphy gas station nearest to you and check its current gas prices.
Loyalty Programs and Coupons
Murphy offers a loyalty program that allows customers to earn points that can be redeemed for discounts on gas and other merchandise. Additionally, the company occasionally offers coupons and promotions that can help you save money on gas.
Tips to Save Money on Gasoline
Here are some additional tips that can help you save money on gasoline:
Use a Fuel-Efficient Vehicle
Using a fuel-efficient vehicle can significantly reduce your gas expenses. Hybrid and electric vehicles are among the most fuel-efficient options available.
Drive Smartly
Driving smartly can also help you save money on gas. Avoid sudden stops and starts, accelerate gradually, and maintain a steady speed whenever possible.
Regular Maintenance
Regular maintenance can also help improve your vehicle’s fuel efficiency. Make sure to get your oil changed regularly, check your tire pressure, and perform other routine maintenance tasks.
Avoid Idling
Idling your vehicle can waste gas. If you’re going to be stopped for more than a minute, turn off your engine to save fuel.
Consider Alternative Transportation Options
Consider alternative transportation options, such as walking, biking, or public transportation. Using alternative transportation can help you save money on gas and reduce your carbon footprint.
Conclusion
Murphy gas prices are influenced by several factors, including crude oil prices, refining costs, distribution and marketing costs, taxes, and competition. To find the best gas prices at Murphy gas stations, consider using GasBuddy, checking Murphy’s website, or signing up for its loyalty program. Additionally, driving a fuel-efficient vehicle, driving smartly, performing regular maintenance, avoiding idling, and considering alternative transportation options can help you save money on gasoline.
In conclusion, if you’re looking to save money on gas, it’s important to be aware of the factors that influence gas prices, such as crude oil prices, refining costs, distribution and marketing costs, taxes, and competition. By taking advantage of resources like GasBuddy and Murphy’s loyalty program, you can find the best gas prices near you. Additionally, following the tips provided in this article, such as driving a fuel-efficient vehicle, performing regular maintenance, and considering alternative transportation options, can help you save money on gasoline over the long term.
So, the next time you’re at a Murphy gas station, remember to compare prices, use loyalty programs, and consider alternative transportation options. By doing so, you can keep more money in your wallet and reduce your carbon footprint.
Frequently Asked Questions (FAQs)
- What is the average price of gas at Murphy gas stations?
- The average price of gas at Murphy gas stations varies depending on factors such as crude oil prices, refining costs, taxes, and competition. To find the most up-to-date prices, check GasBuddy or Murphy’s website.
- How does Murphy’s gas prices compare to other gas stations?
- Murphy’s gas prices may be lower or higher than other gas stations depending on factors such as location, competition, and current market conditions.
- Can I use coupons at Murphy gas stations to save money on gas?
- Yes, Murphy occasionally offers coupons and promotions that can help you save money on gas. Check their website or sign up for their loyalty program to stay updated on the latest deals.
- How often do gas prices change at Murphy gas stations?
- Gas prices at Murphy gas stations can change frequently, often daily or even multiple times a day. To find the most accurate prices, use resources like GasBuddy or Murphy’s website.
- Is it better to fill up my tank in the morning or at night?
- The time of day you fill up your tank is unlikely to make a significant difference in gas prices. However, it’s important to keep in mind that gas prices can fluctuate throughout the day and vary by location.