Price for a barrel of oil below 100 Dollars – gasoline prices skyrocket

I just couldn’t figure it out. The price for a barrol of crude went up and up. Ok so did prices at the pump. Made sense somehow, even if the price for the raw material only makes a part of the total cost for a liter of gasoline.

Now the price for a barrel of crude oil has gone down below $ 100 – that’s almost 50% down from its peak. The price for gasoline went up by almost 15 cents overnight!

Does that make sense?

OK, so there is this hurricane threatening the Gulf Coast of Texas and their refineries. But the hurricane is gone and the refineries can restart their work. Why isn’t the price at the pump going down.

OK, I finally found the answer, check here.