Shell Gas Stations Prices (2024)

FAQs

Why are Shell prices so high? ›

"California has its own blend of gasoline, it has very high taxes, and it has a cap-and-trade program," De Haan said. "All of those factor into what you pay at the pump."

Station owners make most of their profits in their stores, on sales of food and drinks, as well as alcohol where sales are legal. “The idea is to have a very competitive gas price, and when they go in the store, you can make money off that transaction,” Lenard said.

Gasoline taxes account for a significant portion of the price you pay at the pump. All retailers must charge the 18.4% Federal gas tax and other state taxes and fees. In 2022, the median average of combined taxes for gasoline was averaged at 57.1 cents/gallon.

Shell retail energy arm slapped with second fine this month for 'serious overcharging' A company owned by oil and gas giant Shell has been slapped with a fine by the energy regulator Ofgem, weeks after the communications regulator also fined part of the customer-facing part of the group.

Shell generated around 118.8 billion U.S. dollars through its chemicals and products segment in 2023. This made it the largest business segment in terms of sales.

Retailers Make Very Little Selling Gas

Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.

Exxon is the most popular gas station in the us, with an annual revenue of $413.68 billion. Shell is the second most popular with a revenue of $386.20 billion, followed by Chevron with a revenue of $246.25 billion.

If you use cash, you eliminate the credit card surcharge and you end up paying the lower advertised price. Some gas stations are actually required to put the credit card price as the advertised price on their signs. Some also put “Cash” next to the price on the signs to let consumers know that it's the cash price.

Who charges the most for gas? ›

Western and Pacific states face the most costly gas in the nation, as the five states with the highest prices are California, Hawaii ($4.79), Washington ($4.57), Oregon ($4.33) and Nevada ($4.32).

The reason for that is because of credit card processing fees. These are charges usually around 1.5 to 3.5% depending on the card that the merchant has to pay the credit card company to run the card. You notice it mostly at gas stations because many businesses just bake that fee into their prices.

Shell Shares Rise as Oil Major Beats Profit Expectations, Keeps Buyback Pace - Bloomberg.

Shell has 15.54% upside potential, based on the analysts' average price target. Shell has a consensus rating of Strong Buy which is based on 5 buy ratings, 0 hold ratings and 0 sell ratings.

Share price forecast

The 16 analysts offering 12 month price targets for Shell PLC have a median target of 3,224.74, with a high estimate of 6,705.51 and a low estimate of 2,750.02. The median estimate represents a 26.24% increase from the last price of 2,554.50.

Shell gross profit for the twelve months ending June 30, 2024 was $80.987B, a 12.66% decline year-over-year. Shell annual gross profit for 2023 was $83.31B, a 17.09% decline from 2022. Shell annual gross profit for 2022 was $100.483B, a 38.6% increase from 2021.