Price of petroleum

Alright kiddo, so you know how your parents put gasoline in the car so they can drive you places? Well, that gasoline comes from something called petroleum or oil.

Now, there are lots of places in the world where people can find oil. Some places have a lot of oil and some places have very little.

When lots of people want oil, like when lots of cars are using it or when factories need it to make things, the price of oil goes up.

But when not as many people want oil, the price can go down.

Also, sometimes things happen in the world that can affect the price of oil. Like maybe a big storm happens and makes it hard for people to get the oil they need. Or maybe different countries don't agree about something and it makes it harder to get the oil from one country to another.

So there are lots of things that can make the price of oil go up or down, and that's why sometimes people might have to pay more or less for gasoline for their cars.