Summary
Gasoline prices rise and fall because multiple connected factors influence what you pay at the pump. The article explains that crude oil is the primary driver, since gasoline is refined from it, and that global oil markets constantly shift in response to supply, demand, and geopolitical events. Refining costs also matter because crude oil must be processed before it becomes fuel. Distribution and transportation add further expense as gas moves through pipelines, terminals, and trucks. Taxes imposed by federal and state governments increase the final price. Seasonal demand changes, especially during holidays and summer travel, also push prices higher. Together, these forces create constant price fluctuations.
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