GQ: How Much Gasoline Comes From A Barrel of Oil?
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Scott Brady
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Monday, Sep 22 at 9:34 PM Jon wrote ...
The price on Gasoline doesnt drop as fast as crude b/c it takes time to be processed. When Crude prices drop the Processing plant still is using the last week expensive oil and you are pumping the last months really expensive oil. Now it would seem like the price should take a while to go up too, but unfortunately the producers hike the price right away to be able to afford the higher cost crude. Its like the law of supply and demand, except slightly eskewed by greed.