Gasoline prices have increased substantially in early May every year for quite some time now. I believe the price of gasoline “detaches” somewhat from the price of oil at this time because this is the time of year when many states and metropolitan areas mandate the seasonal changes to ethanol blends.
“I believe the price of gasoline “detaches” somewhat from the price of oil at this time because this is the time of year when many states and metropolitan areas mandate the seasonal changes to ethanol blends.”
Yes, and also, electrical costs rise in the summer.
Electricity is a major component of the cost of gasoline refining.