2022-07-18 20:57:39
Additional Context: The price of gas lags behind the price of oil due to the refining process. Economists who have studied gas prices have generally found that gas prices adjust faster when they are low relative to oil prices than when they are high relative to oil prices. [Link][Link] CURRENTLY_RATED_HELPFUL(7-1-2) Author
2022-07-18 23:18:22
He is not incorrect some stations in the same state and area have as much as a 60cent difference in price. Some companies are dropping prices faster others have moved slower. [Link] NEEDS_MORE_RATINGS(1-0-4) Author
2022-07-19 00:14:02
Gasoline prices are derived from refiners not oil and gas companies. Our refineries are currently operating close to maximum capacity and therefore the oil price does not directly correlate to gasoline prices, you need to look at refining capacity in order to do so. NEEDS_MORE_RATINGS(0-1-2) Author