ST Alpha - "If the price of oil is dropping, will that result in gas prices dropping? -- nm" (Reading a Post)

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If the price of oil is dropping, will that result in gas prices dropping? -- nm

Posted by Beryllium (aka grayman) Mar 9 '22, 11:12

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Responses:

what I don't get is if the US is a net exporter of oil, why does cutting off russian imports matter? -- nm - amanda jeans Mar 9, 11:16 2
- I read earlier many refineries here not set up for N.A. crude. Set up to refine Mid-Eastern which is different. -- nm - zunk xometimes Mar 9, 11:23
- because crude oil is a global commodity and the price is set on a global scale -- nm - decline Mar 9, 11:20
What spamlet said. - znufrii Mar 9, 11:14
yes but not right away. The oil bought at the high price still has to be processed into gas. -- nm - Remlik Mar 9, 11:13 2
- Though of course oil companies factor in increases as soon as they occur. -- nm - pmb Mar 9, 11:42
- This -- nm - JaxSean Mar 9, 11:39
not immediately -- nm - decline Mar 9, 11:13
LOL -- nm - spamlet Mar 9, 11:13 1
- This is the correct answer. -- nm - Beryllium Mar 9, 11:14

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