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: Here are the primary factors that impact the price of oil and how each factor works: Supply of Oil: The price of gas generally moves in the opposite direction of the supply of oil, assuming the demand for oil remains constant. Thus, a higher oil supply translates to lower prices at the gas pump and a lower supply means higher gas prices. Demand for Oil: The price of gas generally moves in the same direction as the demand for oil, assuming the supply for oil remains constant. Thus, higher demand for oil translates to higher prices at the gas pump and lower demand means lower gas prices. OPEC: The largest producers of oil, collectively the Organization of the Petroleum Exporting Countries ( OPEC ), naturally have the greatest power over the price of oil because they control the supply. Put simply, OPEC can announce a change in supply and almost instantly affect the price of oil.