Gas Prices May 2026

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.

: Federal and state taxes remain a fixed cost that varies by region; for instance, West Coast prices are consistently higher due to stricter state regulations and fuel taxes. GAS PRICES

: Traded on global markets and influenced by geopolitical stability. Gasoline pricing is determined by a complex mix