The lack of new refineries punishes the whole system. Gasoline prices are up—hurting consumers. Crude prices are down—hurting producers.

Oil’s Down, Gasoline Isn’t. What’s Up?

By Marita Noon —— Bio and Archives--August 24, 2015

Global Warming-Energy-Environment | Comments | Back To Full Article

A little more than a year ago, oil prices were above $100 a barrel. The national average for gasoline was in the $3.50 range. In late spring, oil was $60ish and the national average for gas was around $2.70. The price of a barrel of oil has plunged to $40 and below—yet, prices at the pump are just slightly less than they were when oil was almost double what it is today.

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