Gasoline

With the conflict in Iran causing massive shifts in global energy markets, it's important to remember global supply and demand forces (for both crude oil and refined products) are just one factor of many — albeit a huge one — impacting the prices drivers see at the pump. So, let's walk through all that goes into the price of gasoline.

AAA expects roughly 45 million travelers to head out of town and go at least 50 miles from home over the upcoming Memorial Day weekend, breaking a 20-year travel record in the process. The vast majority of these travelers—nearly 90%—are likely to be road warriors, driving cars and trucks fueled by American-made gasoline.