An overabundance of supply caused West Texas Intermediate Crude Oil and Gasoline prices to fall over the last three months.
The fuel business is holding steady after rebounding from a slow start.
Gas prices fell to their lowest monthly average last year in November, and are expected to continue to decline.
While many factors contribute to the price we pay at the pump — discovery costs, taxes, refining and distribution, world politics, etc. — it's still largely an issue of supply and demand. There's limited oil supply. Global demand is growing. So the price climbs.
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