Thursday, April 14, 2022

Why Lower Oil Prices Aren’t Helping at the Gas Pump

pumping gasoline
logoboom / Shutterstock.com

Crude oil prices have tumbled more than 20% off their highs in recent weeks. But don’t rush out expecting to find bargain prices at the gas pump. Although gas prices too are off their highs, they still remain far above where they were a year ago. As the Washington Post reports, this phenomenon is nothing unusual. It even has its own name: “This pattern is so common, especially with gas prices...



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