In U.S.A, during May, 2008 the average gas prices reached $4.00 a gallon, and in some places this price level was also crossed, these were extremely tiring records. But for American consumers this was not a new thing. In May 2008, prices continued to rise till the end of the month. For this reason May, 2008 was considered as a month of price records that broke one after another.
Gasoline keeps America moving, it is considered as the bloodline for America. Their prices are continuously fluctuating. They are a little down one month, rises the next month, and then in a year their prices shoot up more than 50 percent. Moreover these gas prices are different for different countries and even if you compare the gas prices of two states or cities you will find much difference in it. When we have noticed such a price difference among the gas prices then a question comes in the minds of most of the people that how gas prices are determined. Let us talk about the forces that determine the gas prices.

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