Why do gas prices fluctuate?

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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.

9 min read

Gaby Pilson
#Gas prices#electric vehicles#crude oil#economics

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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