Why Lower Gas Costs Take Time to Reach the Pump
When crude oil prices drop sharply, why do drivers have to wait for relief at the pump? The answer follows a convoluted and policy-constrained path from drill rigs to local gas…
Written byFelix MillerSource: The Daily Signal
When crude oil prices drop sharply, why do drivers have to wait for relief at the pump? The answer follows a convoluted and policy-constrained path from drill rigs to local gas stations. The prices we encounter at the pump result from this complex chain, which begins with global crude and passes through refining, wholesale, independent...