The recent "rollercoaster" in prices can be attributed to three primary themes: Why Gas Prices Go Up Fast and Take So Long to Fall
Gasoline pricing is determined by a complex mix of global and local factors. According to the American Petroleum Institute , crude oil is the single largest driver, typically accounting for of the final retail price. GAS PRICES
: Federal and state taxes remain a fixed cost that varies by region; for instance, West Coast prices are consistently higher due to stricter state regulations and fuel taxes. The recent "rollercoaster" in prices can be attributed
: Traded on global markets and influenced by geopolitical stability. GAS PRICES