First, is the undisputed king. Since gasoline is a refined derivative of oil, its price moves in near-lockstep with Brent or WTI crude. These prices are dictated by the global macro scene: OPEC+ production quotas, geopolitical instability (e.g., wars in Ukraine or the Middle East), and the global business cycle. When the world economy booms, demand for oil rises, and prices spike. When a recession looms, prices often collapse.
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First, is the undisputed king. Since gasoline is a refined derivative of oil, its price moves in near-lockstep with Brent or WTI crude. These prices are dictated by the global macro scene: OPEC+ production quotas, geopolitical instability (e.g., wars in Ukraine or the Middle East), and the global business cycle. When the world economy booms, demand for oil rises, and prices spike. When a recession looms, prices often collapse.
Here is a detailed guide regarding fuel at .