A closer look at gasoline and oil prices
Gasoline prices remain in the headlines, and leave an impression every time a driver fills their tank as prices hit new highs.
Oil prices are a global issue, with OPEC and the US being the biggest producing regions. Producers face mixed incentives about increasing production longer-term, including messages from the futures markets.
Gasoline and diesel refiners face reduced capacity, leaving them struggling to meet even historically normal levels of demand despite high potential profit margins.