Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
How Gasoline Prices Defy Falling Crude
This episode explores why gasoline prices at the pump remain stubbornly high even as crude oil prices dip. With WTI crude down from $86.34 to $83.90 and Brent falling from $92.71 to $88.20, the national average gasoline price has actually edged up to $4.08 a gallon. Lucas and Luna dissect the refining bottlenecks, seasonal demand, and geopolitical risk premium that keep gas expensive. They also look at the widening crack spread, which measures refining profitability, and why it's become a bigger driver of pump prices than crude itself. With the latest U.S. strikes on Iran adding a fresh…
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