Why are gas prices rising while oil is not?
Gas Prices
Gas Prices
Gas prices are slowly creeping up, but the price of a barrel of oil is not and many News 2 viewers have taken notice. They have contacted the Problem Solver Team looking for answers.
We went to one of our Problem Solver economic experts, Paul Meeks, for an explanation.
Meeks reminds that while gas and oil prices are related they are not completely joined. There is a lag between dropping oil prices and gas prices.
He says world affairs will also make a wider gap in prices. Currently there is concern about what will happen in the Middle East and that will skew differences.
You can also blame some individual gas stations. Experts say some stations try to lengthen the lag time as long as possible for profit.
Click the Video Tab to see that story.
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