Comment by lotsofpulp

>Just yesterday there was an article that summarized oil price drop 40% from when the war cooled down, but prize at the pump went down only 12%. The big oil explains this that people will buy gas anyways, so why lowering the price?

Because the gas station across the street will sell it for less. Because a different refinery will sell it to the gas station for less. Gas prices are the pump and oil prices in the commodities market don’t move in perfect unison. But they do move eventually.

Wild how some ragebait “article” can erase people’s memory of gas prices going down. Not to mention that gas at the pump has taxes/labor applied to it that can also change.

https://www.macrotrends.net/2501/crude-oil-vs-gasoline-price...

https://www.macrotrends.net/3591/us-gasoline-prices