Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Gasoline Stays High While Crude Oil Falls
Lucas and Luna unpack the persistent gap between falling crude prices and stubbornly high gasoline costs. With WTI down to 84 dollars after a 12 percent crash and Brent near 92, pump prices have actually ticked up to 4.10 a gallon. They walk through the refining bottleneck, the summer driving season, and the regional quirks that keep the spread wide. Why do stations pass on drops slowly but raise prices fast? What role do boutique fuel blends and the Jones Act play? And how much of that 4.10 is actually crude, versus taxes, refining, and distribution? Tune in for a grounded look at what the…
The skinny
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