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Why do gas prices fluctuate?
Rounding it up
Gas prices are controlled by a complex series of global and local factors.
Overall, gas prices are determined by the laws of supply and demand.
Short-term factors that affect gas prices include things like major global events, financial markets, and seasonal consumer trends.
Long-term factors that affect fuel prices include national and local fuel taxes, regional transportation costs, and inflation.
Gaby Pilson
Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.
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