gas pricing

Gas pricing is influenced by factors like crude oil costs, refining and distribution expenses, taxes, and market demand. When crude oil prices rise, the cost to produce gasoline increases, often leading to higher retail prices. Seasonal changes, geopolitical events, and refinery outages can also impact supply and demand, causing price fluctuations. Additionally, local taxes and regulations affect the final price at the pump. Overall, gas prices are a complex interplay of global markets and local factors, responding dynamically to changes in supply and demand conditions.