Explained: Why are gas prices STILL so high amid a slide in oil prices? How are prices set?

Do you know how companies arrive at the price they will sell the gas at the pump? Are you aware of all the costs involved? It is not merely the price per barrel. Part of it is supply and demand. When people buy more gas and gas products the price goes up. When markets around the world have their supply chains disrupted the price goes up. When countries push to go green and then problems arise the price goes up. But understanding how governments actually regulate supply by enacting laws and enforcing stiff penalties we see why gas prices get out of control. But we can do something about it. We can get out and vote.