Let’s end at the beginning: retail gasoline prices are going to continue to head lower, and this post simply presents the case as to why, through some simple visuals. But before we do that, here are some reasons as to why that downside could be more limited than it otherwise should be:–Stubbornly high input prices (h/t crude oil). The oil price accounts for approximately 65% of the cost of the retail price of gasoline–Low profitability in refining gasoline (also known as the crack spread). Should crack spreads remain depressed,…
via OilPrice.com Daily News Update http://oilprice.com/Energy/Gas-Prices/Why-Gasoline-Prices-are-Heading-Lower.html
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Prometheus Institute 