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Rob R

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  • Retail gas versus crude prices?

    I am wondering why retail gas prices seem to rise in close to "real time" when crude is on the rise, yet when crude falls retail gas prices seem to fall very slowly.

    Crude ended the day Friday at a hair over $102/barrel, down from close to $147 which is about a 30% decrease. However, retail gas prices peaked at $4.15 and are down to $3.74 which is just about 10%.

    I understand that several market elements effect the price of oil, but I do not understand why the relationship between retail and crude is so much different when prices are rising versus when prices are falling.

    2 AnswersOther - Business & Finance1 decade ago