My Top Energy Stock to Buy in April
Despite what many people might think, neither the President nor Congress actually have much (if any) control over the prices you pay at the pump. Most gas stations are independently owned and operated, and competition among the stations sets the prices.
Of course, the biggest influence on gas prices is the price of oil, and there, too, the oil companies have little say. It's a global commodity, and trading on world markets based on supply and demand determines how much a barrel of oil costs. Refining expenses, along with transportation and storage, also play a role. Add in federal and state taxes on top of that and you end up somewhere at the final price for products.
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Source Fool.com
