The price of crude oil has risen from below $80 per barrel at the beginning of October to almost $100 per barrel. Maybe you weren’t aware of this 25% increase. Could it be because the price of gasoline hasn’t moved? In that same period, a gallon of gas has gone from $3.41 to $3.41…and it was pretty constant throughout the period.

Typically, the price of oil lags the price of crude. Usually, the lag time is less than 2 weeks. It has been 6 weeks since crude hit it’s low.

I’m not suggesting some great conspiracy. I’m just wondering what is going on and wondering what comes next.

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One Response to “Not Normal”

1. Whacky Gas Prices says:

   November 29, 2011 at 3:49 pm

   [...] I blogged about rising crude and falling gasoline prices two weeks ago. The trend has continued. Here is a chart for the last 6 years. Notice how gas follows crude…until recently. [...]