Why do gasoline prices keep rising
In other words, you could end up paying more in interest than the discount itself. Skip Navigation. Key Points. Gas prices are at a level not seen since Here are tips for reducing what you spend to fill up your tank. You may want to get used to higher prices at the pump, at least for now. If retailers lose the gas customer, that is also a shopper who may not go inside the store to buy drinks or food.
Most retailers will trade a few cents of margin to maintain steady customer traffic. According to the Oil Price Information Service, retail margins were Besides retail gross margins that average about 26 cents per gallon, there are other components in a gallon of gas. Now, no one likes high gas prices, especially the retailers. Neither is another guy often blamed: a sitting president of the United States , who does not control gas prices.
But a lot has changed in the oil markets since March , when the pandemic began taking its toll on the economy. It took more than a year for demand to come back to normal levels. At the same time, less oil is being produced. It remains to be seen where oil prices will head over the next few months.
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