• Avid Amoeba@lemmy.ca
    1·
    1 month ago

    Wait, given that OPEC controls the market price, especially given Saudi’s capacity to increase/decrease production, why would we expect them to let prices fall significantly?

  • Papamousse@beehaw.org
    0·
    1 month ago

    gas in great Montréal: 1.52CA$/L

    gas in USA couples minutes drive: 1.12$CA/L

    I just filled my tank, ~60L, saved 24$CA

    • Avid Amoeba@lemmy.ca
      0·
      1 month ago

      Generally pump prices aren’t greatly influenced by oil prices, unless there are large swings. I don’t recall the exact breakdown of the pump price but there are explainers out there. What stuck with me is that the oil price isn’t a huge driver.

      • i_love_FFT@jlai.lu
        1·
        1 month ago

        Pump prices are affected by oil price: when oil goes up, pump price goes up. When oil goes down, pump price goes up. Simple as that ;)