Sunshine (she/her)@lemmy.ca to Canada@lemmy.caEnglish · 12 days agoThree years of roaring oil prices could be coming to an endwww.cbc.caexternal-linkmessage-square7fedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkThree years of roaring oil prices could be coming to an endwww.cbc.caSunshine (she/her)@lemmy.ca to Canada@lemmy.caEnglish · 12 days agomessage-square7fedilink
minus-squareAvid Amoeba@lemmy.calinkfedilinkarrow-up0·edit-211 days 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-squarei_love_FFT@jlai.lulinkfedilinkarrow-up0·11 days 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 ;)