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Who influences gas prices?

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Anonymous

14y ago
Updated: 8/19/2019

Oil and natural gas companies.

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Wiki User

14y ago

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What influences the cost of gas?

The cost of gas is influenced by several factors, including crude oil prices, refining costs, distribution and marketing expenses, and local taxes. Seasonal demand fluctuations and geopolitical events can also impact prices. Additionally, market competition and the availability of alternative energy sources play significant roles in determining gas prices. Ultimately, these factors interact to create variations in gas prices across different regions and times.


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