Oil and Gas

Explainer: What drives gasoline prices?

The US Energy Information Administration (EIA) says four factors are having a strong influences on gas prices.

The US Energy Information Administration (EIA) says four factors are having a strong influences on gas prices. Image: Unsplash/Erik Mclean

Carmen Ang
Writer, Visual Capitalist
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An infographic showing the four main factors that influence U.S. gas prices
The cost of crude oil is the biggest US gas price factor. Image: Visual Capitalist

A table showing the top five states with the highest gas taxes
California has the highest gas tax out of the five states. Image: Visual Capitalist

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