Linking Gas Prices and Crude Oil Prices
How do crude oil prices relate to gasoline prices at the pumps?
The Link from Crude Oil Prices to the Cost of Gasoline
My latest Suite 101 article is “Is Demand for Scarce Crude Oil the Only Cause of High Gas Prices?“.
I think we all would agree that the rising demand for crude oil will drive up the price of gasoline. Does anything else influence gas prices? How might drivers possibly reduce gas costs? Is OPEC completely in control of crude oil prices, and therefore of setting the price of gas?
As always, I also publicized this article in my Blog of Writing. Please see “Crude Oil Prices and Gas Prices are the Keywords” for the writing tips included in that write-up.
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Thank you for reading about supply and demand for crude oil versus gasoline in Suite 101.