Gasoline ‘Crack Spread’ Will Make Your Life Unpleasant

When President Trump announces yet another potential peace agreement with Iran, crude oil prices fall, and Americans make the mistake of thinking that gas and diesel prices will follow. But crude oil isn’t the right barometer of your pain at the pump. By the end of July, crude oil prices had fallen about 25 percent from their April peak, while gasoline prices dropped only about 9 percent after peaking at around $4.50 a gallon in May. Read Full Article »