Crude oil price vs Gas prices?

In economy news i can read the oil prices have touched 100$ per barrel


How come the gas prices are still on 3$


3$ gas price was when oil price was around 70$ barrel


How it worksCrude oil price vs Gas prices?
#1: it usually takes about three days for the price movements


to hit the pumps.


#2: A big problem earlier was the lack of refinery capabilities.


#3: The current run up is caused by political influences and not necessarily market forces.Crude oil price vs Gas prices?
oil price per barrel are indirect relationship with gas prices at pupms, because we are not using oil to drive cars we using gas. Some one has to make gas from Oil.





There is to demand side: Gas producers need Oil and car drivers need gas. So, if there is shortage or any of those two sides, then that product gets more in price and vice verse.





there is no direct relationship. as you see in your question.





if oil will cost 100 at the pick summer time, you can see gallon 4 dollars.