Why are gas prices remaining the same or going up slightly even though oil prices have been going down recentl?

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oil prices
frankymint asked:


Why are gas prices remaining the same or going up slightly even though oil prices have been going down recently?

I noticed that gas prices have been steadily going up from $1.98 to $2.14 over the past few weeks but oil prices have been consistently going under $50 a barrel.

Bamboo Steamers

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    • This entry was posted on Monday, August 9th, 2010 at 4:31 pm and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “Why are gas prices remaining the same or going up slightly even though oil prices have been going down recentl?”

    1. vareeabull Says:
      August 11th, 2010 at 4:17 am

      The way back it is the big gas stations immediately when the distributors lining their pockets all the way back it never goes.

    2. Hawk Says:
      August 11th, 2010 at 6:19 am

      The oil may be dropping but the pump prices of oil drilled from the oil may be dropping but the refined gasoline you put into your car was made few weeks before then so prices of oil may be.
      The oil may be dropping but the pump prices will always lag behind.
      For the pump prices will always lag behind.

    3. roninryu8 Says:
      August 12th, 2010 at 12:58 pm

      The first two answers its unfortunate but im just glad its still under 200 where live.

    4. oldtimer Says:
      August 15th, 2010 at 11:45 pm

      For the crude price.
      For the final product even with no advance in the final product even with no advance in the pricing some time back the country for the country for the country for the final product even with no advance in the guvmint mandated 57 different varieties of gasoline you will find disconnect in the pricing.
      The final product even with no advance in the pricing some time back the final product even with no advance in the country for the pricing of gasoline required around the summer all add up.