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Video: Why Are Retail Gas Prices Lower and How Long Will It Last?

Posted by Jessica Nesterak on Nov 7, 2018 12:30:41 PM
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OPIS noted prices at retail gas stations this autumn below $2/gal. It wasn't a common price tag, but overall there was a drift lower at the pump throughout the United States. And that actually sees retailers sitting pretty when it comes to gas price margins.

Why are we seeing this now? Cheaper crude oil prices have a lot to do with softer retail gasoline values. But how long will that last?  Find out more in this 3-minute oil price update video from OPIS Founder and Global Head of Energy Analysis Tom Kloza.

 Watch the video now!

 
 

 

Tags: Gasoline, Retail Market, Crude oil

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