Gas Price

Gas price refers to the cost per unit of fuel at the pump, influenced by factors like crude oil prices, refining costs, distribution expenses, taxes, and supply and demand dynamics. When crude oil prices rise, gas prices tend to increase because crude is the primary raw material. Other factors such as geopolitical events, refinery issues, or seasonal demand also impact prices. Ultimately, the gas price reflects the costs involved in producing and delivering fuel, along with market conditions, and can fluctuate frequently depending on global and local economic factors.