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by atlasunshrugged
1452 days ago
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Many factors but a few off the top of my head:
1) Oil is not the same as the refined product we use for vehicles. Assuming you are in the U.S., there is just less refining capacity here for certain types of fuel (e.g., the oil you get from Saudi is different than the oil you get from Russia and needs to be processed in different types of facilities and/or for different purposes)
2) Gas stations are independent operators and might not be lowering prices to make more money now (potentially because they had lost money before when prices spiked or because they think they can) This transcript of a WSJ podcast gave a great overview: https://www.wsj.com/podcasts/your-money-matters/why-gas-pric.... |
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