Colin Eaton
speaker
191 appearances
3 recordings
1 series
first heard Jul 2021
last heard Apr 2022
Colin Eaton’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Why Gas Prices Aren't Falling Along With Global Oil Prices · 13 Apr 2022
podcast
It costs money to turn oil into gasoline.
Refineries pay oil companies.
They pay transportation fees.
They keep the lights on.
And so that refining process adds cost into the ultimate price that you pay at the pump.
Large oil companies do have some influence over the price of gasoline, but probably not as much as people think.
There's a disconnect between the handful of large oil companies that Congress interviewed earlier this month and the thousands of gas stations that ultimately set price.
Now, it is true that if large oil companies were to pump more oil, that would have a
an impact on oil prices eventually, though it would not be a panacea.
As I mentioned, the oil market is unpredictable, and there are many factors that go into the price of oil.
It depends on how many drivers decide not to take that summer road trip.
If the summer vacations were postponed because of $4 gasoline, you'd eventually see a curtailment in prices.
It depends on how big this is.
The reason that gasoline prices drop at the onset of the worst of the pandemic is because everyone stopped driving.
The price of gasoline does go up because there's more demand.
We've emerged from this economic downturn.
malaise following the pandemic.
And with that, people are traveling more.
You're seeing the price of jet fuel rise, and there's increased demand for flying, but also supply constraints.
And the same with gasoline.
Showing 41–60 of 191 · page 3 of 10
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