Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Oil Is Falling Even as Gas Prices Stay High
Oil prices have dropped 7 percent in five days, with WTI crude dipping to $84.88 and Brent to $87.33. Yet regular gasoline still averages $4.15 a gallon, down only modestly from $4.30. Lucas and Luna unpack the structural disconnect: why crude is sliding on Iran deal hopes while retail fuel remains sticky, the role of refinery margins and summer demand, and what the 10-year breakeven inflation rate at 2.31 percent signals for energy costs ahead. They also examine how the market is pricing in a possible Sunday peace deal — and why a headline-driven oil drop doesn't always mean relief at…
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