The Summer Oil Price Conundrum: Important Information for Investors

Let's begin with the fundamentals. During the summer travel season, more people travel every summer, etc. Fuel demand is raised by road trips, vacations, a surge in air travel during tourist leisure and business travel, etc. Prices typically rise in tandem with an increase in demand. Oil refineries also create summer-grade gasoline, which is typically more expensive to refine, in addition to the seasonal rise in gasoline demand brought on by increased travel. These two elements work together to raise the demand for gasoline and the expense of producing it, which inevitably results in a clear seasonal price increase.

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