If the price of oil is so low, why isn't gas lower?
A barrel of oil is hovering around $50 and is expected to drop, but the price of gasoline remains steady or can even be seen increasing. Why isn't gasoline dirt cheap if oil is so cheap?
- ZirpLv 71 month ago
because the oil companies like higher profits
- FoofaLv 71 month ago
In the state where I live it's because about $1.35 of each gallon's cost is all just taxes.
- Godless GazooLv 71 month ago
There's more in the cost of gas than just oil. Usually the difference points to refining issues.
- electricpoleLv 71 month ago
Mandatory refining practices, new blending additives and most importantly, taxes.