All Posts: oil

With oil prices on Wall Street going down to $30 a barrel you would think we would be returning to dollar a gallon gas...instead it went up again last week and now averages at $1.95 a gallon.  Why?  Normally, the most expensive oil in the U.S. is West Texas Crude, and the cheapest is oil imported from other countries.  That cheaper gas from other countries is imported directly to the refineries and is used to make gasoline.  The oil from Texas, ...