There will always be regional variations based on local factors, but I’m surprised to hear that ANYONE’s gas prices have gone up in the past week. Perhaps why the oil production hasn’t slipped is that the collapse in oil prices has been so sudden since the election of Balsonaro that the industry didn’t respond.
In the past week, the national average price of gas has fallen from $2.91 to $2.71, while the price of oil (I’m not sure which market GasBuddy bases its price on) has fallen from $75 to $62.
Excuse me... past few weeks...
if crude oil was free gasoline and other refined products would still have a significant cost ...