Lower gas prices help retailers and airline stocks, but that doesn't mean it's the only factor influencing them. Oil and gas companies in adjacent sectors can be hurt by lower gas prices, but usually the drop has to be severe. Ironically, they can also be hurt by surging gas prices due to 'demand destruction.

Crude oil prices have determined at least half of the price of each gallon of gas over the last decade. As oil prices change daily, gas prices are constantly fluctuating, too. The rest of the price of gas is based on refinery and distribution costs, corporate profits, and state and federal taxes.

Traditionally, gas prices are at their lowest during the first week of February and then begin to climb, often peaking right before Memorial Day. But in 2021, higher oil prices pushed gas prices higher and prices continued to climb at a time when they traditionally decline.

Traditionally, gas prices are at their lowest during the first week of February and then begin to climb, often peaking right before Memorial Day. But in 2021, higher oil prices pushed gas prices higher and prices continued to climb at a time when they traditionally decline.

Traditionally, gas prices are at their lowest during the first week of February and then begin to climb, often peaking right before Memorial Day. But in 2021, higher oil prices pushed gas prices higher and prices continued to climb at a time when they traditionally decline.

Crude oil prices have determined at least half of the price of each gallon of gas over the last decade. As oil prices change daily, gas prices are constantly fluctuating, too. The rest of the price of gas is based on refinery and distribution costs, corporate profits, and state and federal taxes.

Which State Has the Highest Gas Prices? California has the highest price of gas, with an average of $6.39 per gallon of regular gas.

Which State Has the Lowest Gas Prices? Georgia has the lowest price of gas, with an average of $3.25 per gallon of regular gas.

Crude oil prices have determined at least half of the price of each gallon of gas over the last decade. As oil prices change daily, gas prices are constantly fluctuating, too. The rest of the price of gas is based on refinery and distribution costs, corporate profits, and state and federal taxes.

Greater Toronto real estate prices continue to fall, but City prices may have just taken a nosedive. Toronto Regional Real Estate Board (TRREB) data shows composite home prices fell in November 2022. The price of a typical home has dropped nearly a quarter-million dollars since peaking earlier this year.