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Factors affecting price. There is news everywhere about soaring fuel prices and the impact on economy. Do you know what impacts fuel price? Here in this article we explained the factors that affect fuel price and also given some tips to save gas. Many people around the world believe that oil companies cause high fuel prices. The reality is that many factors impact the price. Three major factors are the price of crude oil, the decrease in the value of the U.S. dollar, and taxes. You may know that the countries like U.S.A, Europe, China and India import crude oil, which is because these countries use more fuel than they produce