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Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power

Why Your Gas Pump Price Defies Oil Markets

Lucas and Luna dissect the puzzling divergence between falling global crude benchmarks and stubbornly high gasoline prices in October 2026. With WTI crude hovering near ninety-six dollars a barrel while regular gas remains stuck above four dollars a gallon, the hosts explore how refinery margins, seasonal blending mandates, and strategic inventory draws are creating a disconnect that directly impacts household budgets. Rather than blaming simple supply shocks, they drill into the specific mechanics of the downstream energy sector, revealing why consumers are absorbing costs that refineries…

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