Why crude oil price dropped, but gas price at pump is up?

Posted by admin
oil price
TampaBay asked:


Is there any regulations with the oil/gas company or gas stations?
Crude oil propped below in the past month and now at below $40/barrel. In the mean time, the price at the pump raised from $1.79 to $1.85/gal for regular 87 octane. I remember few yrs ago at $40/barrel, the price at pump was around $1.70/gal.

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    • This entry was posted on Tuesday, April 13th, 2010 at 8:59 am 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 crude oil price dropped, but gas price at pump is up?”

    1. All Hail Brak! Says:
      April 16th, 2010 at 12:35 pm

      The gas cuz gasoline supplies are low.

    2. ___ Packs A Day Says:
      April 16th, 2010 at 3:05 pm

      The banks on 60 minutes httpwwwcbsnewscomvideowatchid4713382n.

    3. Frankie the Rott Says:
      April 18th, 2010 at 5:06 am

      Refineries are refining less, so there is less gas available. If they
      refine to much then they will get less $$ for gas. Remember this
      isn’t a free market, this market is controlled by a few oil companies
      and OPEC.

    4. Bub Says:
      April 20th, 2010 at 10:06 am

      The big oil companies have lots of friends in dc.

    5. Drew H Says:
      April 20th, 2010 at 10:56 am

      For pipes and to conserve gas and to conserve gas and to 40bbl the oil went.
      The price fell to promote alternative energy.