The direction of oil prices is top news material. Everyone follows oil prices. Many also follow the prices of the most traded oil derivatives, and some may have noticed something rather alarming in the trend of one of these derivatives.
Gasoline prices can be unpredictable, fluctuating from day to day and even hour to hour. While it may seem like the cost of gasoline is arbitrary, there are actually several factors that impact how much you pay at the pump. In this article, we will explore the different factors that affect gasoline prices, including oil prices, refining costs, distribution costs, taxes, and more.