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Factors In Fuel Pricing

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Executive Summary

Fuel prices are impacted by a number of factors, including changes in the price of crude oil, supply and demand, fuel specifications, government regulations, taxes, and transportation costs. Actual or perceived changes in these fundamentals, such as those caused by geopolitical uncertainty or market speculation, can have an impact on global commodity markets where crude oil and refined products are bought and sold. Therefore, it's important to recognize that a number of factors may combine to impact transportation fuel prices at any given time.

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