Gas Prices Stuck High Even If Oil Drops
📡 Barrons · 1 min read ·
Part of composite article Nigerians Face Pain at the Pump as Strait of Hormuz Conflict Locks in High Fuel Prices View full article →
Refining capacity is strained, and fuel markets have little buffer. This means gas prices will stay higher for longer, even if the cost of crude oil falls. Refineries cannot quickly boost production to meet demand, keeping prices elevated at the pump.