Gas Prices May 2026

: The cost to process crude into usable gasoline varies between $0.40 and $0.70 per gallon, often shifting with seasonal fuel blends.

Gasoline pricing is determined by a complex mix of global and local factors. According to the American Petroleum Institute , crude oil is the single largest driver, typically accounting for of the final retail price. GAS PRICES

The recent "rollercoaster" in prices can be attributed to three primary themes: Why Gas Prices Go Up Fast and Take So Long to Fall : The cost to process crude into usable