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
Share:
Our Impact
The Big Picture
Explore and monitor how Oil and Gas is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

Oil and Gas

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

Discover

How is the World Economic Forum facilitating the transition to clean energy?

Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:
Oil and GasUnited States
Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Could a heat pump be the answer to heating your home in winter?

Douglas Broom

September 14, 2023

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2023 World Economic Forum