Journal Article

Rockets and Feathers: Why Don't Gasoline Prices Always Move in Sync with Oil Prices?


Abstract: Given that Americans still spend a considerable portion of their budget on gasoline (just under 4 percent in 2012), it?s important to understand why gas prices don?t always move in sync with oil prices. The latter are determined in a more-or-less centralized market, but the market for gas is often local, with prices affected by location, season and taxes, among other factors.

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Provider: Federal Reserve Bank of St. Louis

Part of Series: The Regional Economist

Publication Date: 2014-10

Order Number: 4-9