Wondering why the cost of gasoline is going up while the price of oil quoted in the business news is going down?
Crude oil is getting cheaper — so why isn't gas?
Apples and oranges... The oil used for gasoline comes from somewhere over seas while that being quoted is a cleaner, US derived product--West Texas Crude--that used to be more expensive (and may be again). West Texas Crude has no distribution system to the refineries. And one can't be built on the speculation that the price will be too high by the time the pipes are finished.
No comments:
Post a Comment