Why are gas prices at the pump not directly correlated to crude oil prices?

While the overall trend in the graphs seems correlated, the contrast lies in the details. If you look closely, the disparities will stand out. You will notice that the prices are not bound only to supply, demand, and the price of crude oil. Crude does not entirely affect the price at the pump most of … Continue reading Why are gas prices at the pump not directly correlated to crude oil prices?