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Prime-down Value Gouging From Oil Firms?
The federal government? But it is not that easy. The "black gold" market would not account for price variations from station to station in the same city on the same avenue. That's because layered on top of the crude oil costs are different expenses like refining, transportation, taxes and advertising and marketing. Along most steps between rig and pump, profit will get added to the equation. All that's to say determining gasoline costs is complicated, and the result is that from state to state and even nook to corner, the price varies - tremendously. T. Mason Hamilton, a senior petroleum markets analyst with the EIA, the nonpartisan statistical and analytical department of the U.S. Division of Energy when we interviewed him in 2019. He described gasoline as a cocktail, like a martini, and crude oil as the principle ingredient, like vodka. If the price of vodka goes up, the worth of martinis will follow go well with. And crude oil prices are excessive in 2022, due to the lingering results of the coronavirus pandemic, supply chain breakdowns, excessive inflation and the ongoing invasion of Ukraine by Russia.

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