What does supply and demand have to do with the difference between oil and gas prices?
If crude is down, gas should be down.
Crude has steadily gone down, but gasoline has steadily gone up.
READ THE TAG LINE!!!!
Sheesh.
You said — “Crude has steadily gone down, but gasoline has steadily gone up.”
That’s not true. You can see the prices, which have gone up and done, and there is a rough correlation between oil and gas prices, with gas prices being “behind” the oil prices.
See the chart at...
http://www.gasbuddy.com/retail_price_chart.aspx
[click the oil price checkbox and pick a three-month chart and see how it goes. If you want local prices compared with oil prices, then go to the state that you’re in...
and go to the charting section on the left side of the page (after you choose a city), and it’s part of the way down the page. You can do the same thing there with the local price of gasoline.
I’ve been watching this chart for a long time and there is a following of the gas price to oil prices, but it’s not an exact penny-for-penny (or dollar) following and gas does lag behind oil prices for the dips and the highs, except when it was all “crashing down” back in November and December of last year. Then gas was outpacing oil price drops. You’re not going to see that any more, because we’re bouncing around the bottom now.