Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Gas Prices Are Stubborn Despite Oil's Plunge
Oil has dropped more than 7% in a week, yet the national average for regular gasoline has barely budged — falling just two cents to $4.47 a gallon. In Episode 20 of Energy Economics with Fexingo, Lucas and Luna dig into the structural reasons behind the disconnect. They look at refinery margins, summer-blend specifications, and the fact that the U.S. hasn't built a new refinery in decades. They also examine how the spread between WTI and Brent is affecting imports. With the Iran deal in limbo and the Biden administration signaling no strategic releases, gas prices may stay elevated even…
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