Birdwatch Note Rating
2022-07-19 15:23:02 UTC - HELPFUL
Rated by Participant: E2DBA5C738DBA285405B039D0EC7E3901ADCFCBF2A6665AC91C536CBFF260613
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Additional Context: The price of gas lags behind the price of oil due to the refining process. Economists who have studied gas prices have generally found that gas prices adjust faster when they are low relative to oil prices than when they are high relative to oil prices. https://www.thebalance.com/how-crude-oil-prices-affect-gas-prices-3306230#:~:text=Crude%20oil%20prices%20have%20determined,and%20state%20and%20federal%20taxes. https://www.stlouisfed.org/publications/regional-economist/october-2014/rockets-and-feathers-why-dont-gasoline-prices-always-move-in-sync-with-oil-prices
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