Title: Why Are Gas Prices Going Up Again? - SavingAdvice.com Blog
Headings: Why Are Gas Prices Going Up Again?
Why Are Gas Prices Going Up Again?
Refinery Maintenance
Fluctuations in Wholesale Oil Prices
Other Factors That Impact Gas Prices
How to Combat Rising Fuel Prices
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Content: In some cases, wholesale oil prices go up because the producers simply choose to make it less accessible, such as by restricting the output volume. However, a variety of other situations can also lead to increases, including civil turmoil and natural disasters. For instance, the political situation in Venezuela has reduced production in the country, impacting the market at large. Usually, the ratio of the increase is close to 1:1. Gas prices rise in conjunction with wholesale oil prices, so customers aren’t necessarily shouldering a higher percentage of the burden then they did before. However, that doesn’t mean the increased cost isn’t difficult to bear, particularly if you have a tight budget. Other Factors That Impact Gas Prices
Other factors influence how much you pay at the pump. For example, changes to international trade agreements can affect the price. Similarly, output and production decisions at major oil refineries play a role, as well as general supply and demand. During the spring and summer, more people tend to hit the road.