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Gas Prices Are on the Rise and Here's Why ") BecauseWhen it comes to why gas prices change, one of the biggest factors is what they call supply & demand. In other words exactly how much gas is for sale & demand driven. That price can be lower when plenty of gas is available because there's enough for everyone to fill their tanks. If there is only a small amount of gas then the price goes up since many others want it too, and not everyone gets what they need. Scarcity and Economic Systems — long termSo when demand is high, supply shortens leading to higher prices.

The cost to produce the gas is another major consideration why they can be change all time. Gas is more expensive to produce some of the time, and so it costs gas stations extra money to buy. And when it does, they charge higher prices at the pump. One reason might be that the substances you use to generate gas are becoming more expensive, or it costs more money in general to keep a factory alive today (electricity and water bills…)

How do global events impact the cost of fuel at the pump?

We also have natural disasters affecting gas prices as well. So, like for example if there is an oil spill in the ocean it also makes gas very hard to get out of course meaning that prices go up. Events like this have the potential to interrupt oil supply and pipeline production, which in turn can drive up prices at the pump.

Many factors play off of the gas price when you go to top your car with fuel. These can include how much it costs to produce the gas, volume market availability and added taxes applied by governments. Everything from the cost to transport gas from place A to B and even how much companies spend on advertising their has products can impact these prices.

Why choose Weiying pump prices?

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