Comments on: Driving Habits and Oil Price http://urbanplanningblog.com/406/driving-habits-and-oil-price/ Thoughts on Urban Planning and Design Fri, 30 Dec 2011 17:21:00 -0500 hourly 1 http://wordpress.org/?v=3.3.1 By: Prashant http://urbanplanningblog.com/406/driving-habits-and-oil-price/#comment-197 Prashant Fri, 06 Jun 2008 02:23:25 +0000 http://urbanplanningblog.com/2008/06/04/driving-habits-and-oil-price/#comment-197 drsnoflake , The lag between gas and crude prices is a likely effect of the processing/storage times in between crude going to gasoline. You also correctly identified the differences between the upward and downward pressures on the gasoline prices. <a href="http://bigpicture.typepad.com/comments/2004/08/gasoline_versus.html" rel="nofollow">The Big Picture</a> has some info on this from a few years ago. drsnoflake ,

The lag between gas and crude prices is a likely effect of the processing/storage times in between crude going to gasoline.

You also correctly identified the differences between the upward and downward pressures on the gasoline prices. The Big Picture has some info on this from a few years ago.

]]> By: drsnoflake http://urbanplanningblog.com/406/driving-habits-and-oil-price/#comment-196 drsnoflake Wed, 04 Jun 2008 20:27:20 +0000 http://urbanplanningblog.com/2008/06/04/driving-habits-and-oil-price/#comment-196 Have you noticed recently (06-04-08) that the price of sweet crude has dropped $9 since last Wednesday, yet the price of gasoline has risen .15 cents in the same time period? The price of gasoline is quickly adjusted up when there is an upward movement (no matter how slight) in oil prices, yet when there is a drop in oil prices, the price of gasoline stagnates until there is another increase in oil pricing then we see the viciousness greed of the oil giants at work once again. Have you noticed recently (06-04-08) that the price of sweet crude has dropped $9 since last Wednesday, yet the price of gasoline has risen .15 cents in the same time period?
The price of gasoline is quickly adjusted up when there is an upward movement (no matter how slight) in oil prices, yet when there is a drop in oil prices, the price of gasoline stagnates until there is another increase in oil pricing then we see the viciousness greed of the oil giants at work once again.

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