Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Oil Is Falling Faster Than Gas Prices
Episode 21 of Energy Economics with Fexingo digs into a puzzle that's frustrating drivers everywhere: crude oil has plunged, but the price at the pump has barely budged. Lucas and Luna break down the three forces keeping gasoline stubbornly high — refinery margins, summer blend specs, and export demand. They walk through the specific numbers: WTI down 7 percent in a week, Brent sliding to $92 a barrel, yet regular gas only dropped two cents from $4.49 to $4.47. Using a concrete example of a Midwest refinery outage and the switch to Reid Vapor Pressure-compliant summer gasoline, they…
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