If oil prices are declining, why has the price at the pump escalated so rapidly? More games!
Price of oil was trending up, until yesterday.
International oil prices may be declining, but a strong dollar would presumedly have no effect on domestically produced crude oil. All the domestically produced oil enjoys a price advantage in that it need not be transported great distances, but because of shortsighted policies concerning pipeline construction, so much more of it must now be transported in specialized rail tanker cars, which are more expensive form of transportation, as well as being a greater hazard. Highly profitable for those who have invested in these specialized rail tanker cars.
The price of the REFINED products is rising because of bottlenecks in the capabilities of refineries, also kept artificially scarce because of regulatory policies now in place within that territory once known as “the United States of America”.
Gas prices tend to go up in May, have for a long time. It’s called “the summer driving season.”