Crude prices low and steady. Gas up?
#1
Crude prices low and steady. Gas up?
I noticed gas prices at my local Costco went up 30 cents in a few weeks yet crude oil prices are relative steady, closing at about $46 yesterday. Gas comes from crude so why the jump in prices at the pump if crude is still low? People will talk about supply/demand issues but this would be reflected in crude prices..no? Sorry if I'm missing something that's obvious to everyone else.
#5
Right.
There was a time when $1.79 was the norm. Then the prices spiked and now have dropped and will probably settle in the $2.50 range.
But everyone will be thrilled "because it's less than $4.00"...gas is so cheap now!
There was a time when $1.79 was the norm. Then the prices spiked and now have dropped and will probably settle in the $2.50 range.
But everyone will be thrilled "because it's less than $4.00"...gas is so cheap now!
#6
Its very simple the refineries have cut back on gas production due to the fact that when gas was in over supply they could not make any $s. Reduce production and even if demand remains constant the price will rise. That is what is happening now.
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#8