Why Lower Oil Prices Don’t Bring Cheaper Gasoline

No matter what happens, you’re still going to be soaked at the pump …


By: Tim Daiss

As escalating hostilities between the US and Iran push crude oil to multi-week highs – with Brent futures surging toward US$98 a barrel – motorists across Asia and other major markets remain trapped paying elevated prices at the pump. While crude had eased since mid-May from its wartime highs, gasoline and diesel costs consistently refused …