Title: The Financial Philosopher: Why Are Gas Prices Going Up in 2021? An Economic Explanation (and Philosophical Remedy)
Headings: 
Why Are Gas Prices Going Up in 2021? An Economic Explanation (and Philosophical Remedy)
What Causes U.S. Gas Prices to Go Up?
Why Gas Prices Are Going Up in 2021
Bottom Line: Don't Worry; Be Happy

Content: For example, rising tensions between the U.S. and the Middle East can cause the price of oil to spike upward in the short term. Why Gas Prices Are Going Up in 2021
The rise in gas prices in 2021 is due to a combination of factors, mostly related to supply and demand. However, every economic and market environment is unique. For example, for multiple reasons, oil prices reached historic lows in 2020. From these lows, many of the classic influences causing oil prices to rise compounded a faster rise in gas prices. Price of oil normalizing after record lows: US gas refinery capacity reached record high levels in January 2020. OPEC oil output hit a 30-year high, beginning with the Saudi Arabia vs Russia oil price war that began early March 2020. Covid-19 economic shutdown reduced US consumer demand for oil to the lowest level in decades. In translation, 2020 was a year where record high supply combined with record low demand, causing record low oil prices.