Mmastodon BusinessEconomy first seen 2 d ago, last 1 d ago, peak #3
Oil climbs past $104 a barrel even as gas prices fall
Original: Oil's up to $104.37 a barrel as gas prices _fall_, that's some curiosity now innit? The only good thing about the oil in
Brent crude has risen to around $104.37 a barrel, yet petrol prices at the pump are falling, an unusual divergence that has drawn comment online. Critics argue oil companies' short-term profiteering prevents them from manipulating prices for political ends, and doubt the current combination will last. The mismatch between crude costs and pump prices is prompting debate about market behaviour and energy industry pricing.
Why now: The unusual divergence between rising crude oil prices and falling petrol prices is puzzling consumers and fueling criticism of the oil industry
oil marketgas pricesoil industry
Evidence
- Oil's up to $104.37 a barrel as gas prices _fall_, that's some curiosity now innit? The only good thing about the oil industry is that the short-term greed exceeds their ability to manipulate prices for political purposes. so I would not expect this to last. # oil # OilPrice #… · moira@mastodon.murkworks.net · 3
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