Global Economy
What You Pay for in a Gallon of Gas: How Oil Prices Reach the Pump
Crude oil makes up about half of what you pay for gasoline. A clear breakdown of crude, refining, distribution and taxes — and why prices differ by state.
Tag: gas prices
Global Economy
Why Are Gas Prices So High? Oil Tops $110 as the Strait of Hormuz Stays Closed
Why are gas prices so high in 2026? The Iran war has kept the Strait of Hormuz nearly shut and Brent above $110. What it means for U.S. drivers and…