There are assorted components that affect retail gas prices. Rising costs in fossil oil in the world market has quite an effect on the eventual price of gas. Fossil oil price is commonly determined by global supply and demand. If there are supply breaks of fossil oil in the world market, it greatly impacts retail gas prices. If there's an event that decelerates or stops production of fossil oil producing countries, the deficiency of supply would send the fossil oil price up. And as the demand greatly grows due to fossil oil being a crucial ingredient for assorted industries, the rise in costs will trickle down to gas with fossil oil being its raw material. Additional matters that may affect retail prices of gas include its accessibility and distance from supply. In regions where gas supply has to travel really long distances, there's a likelihood that prices for it might be higher than in regions in close proximity to the gas supply. Apart from distance from supply, retail pri...
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