Three years of roaring oil prices could be coming to an endwww.cbc.ca Sunshine ( @Sunshine@lemmy.ca ) Canada@lemmy.caEnglish • 1 day ago message-square8fedilinkarrow-up114
arrow-up114external-linkThree years of roaring oil prices could be coming to an endwww.cbc.ca Sunshine ( @Sunshine@lemmy.ca ) Canada@lemmy.caEnglish • 1 day ago message-square8fedilink
minus-square Avid Amoeba ( @avidamoeba@lemmy.ca ) linkfedilink2•edit-28 hours agoGenerally pump prices aren’t greatly influenced by oil prices, unless there are large swings. I don’t recall the exact breakdown of the pump price but there are explainers out there. What stuck with me is that the oil price isn’t a huge driver.
minus-square i_love_FFT ( @i_love_FFT@jlai.lu ) linkfedilink1•2 hours agoPump prices are affected by oil price: when oil goes up, pump price goes up. When oil goes down, pump price goes up. Simple as that ;)
Generally pump prices aren’t greatly influenced by oil prices, unless there are large swings. I don’t recall the exact breakdown of the pump price but there are explainers out there. What stuck with me is that the oil price isn’t a huge driver.
Pump prices are affected by oil price: when oil goes up, pump price goes up. When oil goes down, pump price goes up. Simple as that ;)