Oil price down, Gas prices up: Why increasing the supply of oil won’t lower gas prices in the short term
Why are gas prices going up when the price of oil is going down? Get the KUSI interview on this story with Public Watchdogs’ Executive Director, Charles Langley There is a schism in the scheme of things. According to the “Laws of Supply and Demand,” the price of a commodity will increase when it is scarce, and decrease when it is abundant. As of this…