logo
episode-header-image
Aug 2022
34m 53s

This Is What Actually Determines the Pri...

bloomberg
About this episode

Gas prices are central to everything these days. Biden's approval rating seems to move inverse with the price of gasoline. The entire market started rallying after gasoline prices started moving lower in June. But then, what exactly determines the price of gasoline? Of course oil is a big part of it, but it's just one significant driver. There is also refining capacity. And taxes. And the gas station's margin. And the cost of distribution within the United States. So how does it all shake out? On this episode we speak with Patrick DeHaan, head of Petroleum Analysis at GasBuddy, who breaks it all down, and helps us understand the market for gasoline.

See omnystudio.com/listener for privacy information.

Up next
Jun 1
The Hidden Plumbing of Commodity Finance
We talk about the commodity supply chain all the time. We talk about the ports and the trucks and the ships and all of that. But there's another dimension to moving commodities all around the world, which is actually paying for it. Who funds the oil tanker and what happens when t ... Show More
46m 16s
May 30
How the Invention of Rope Gave Us Modern Civilization
Rope is easy to take for granted. It seems obvious and straightforward. But of course, it had to be invented. Early humans discovered that by twisting fibers around each other, the resulting structure would be something durable and strong. Without rope, all kinds of things aren't ... Show More
36m 51s
May 29
Gita Gopinath on Why Interest Rates Have Surged All Around the World
There's been a massive selloff in the bond market and rates are rising all around the world. Japan, Korea, the UK... You name it. Gita Gopinath, Harvard economics professor and the former first deputy managing director of the IMF, has long warned that bond markets are "in a fragi ... Show More
51m 44s
Recommended Episodes
Oct 2023
What Is Gasoline Telling Us?
<p>On today show we are looking at what seems like a huge paradox in the world of energy. On this show we look at energy from time to time. Why is that? Because energy is the economy. If the economy is cooking, then energy consumption will rise. If the economy is faltering, then ... Show More
5m 37s
Apr 2022
Michael Zezas: Will Gas Prices Come Down?
<p>As the U.S. government attempts to combat high gas prices by drawing on its oil reserves, investors should pay attention to the impacts on the U.S. economy and consumer behavior.</p><p><br></p><p>----- Transcript -----</p><p>Welcome to Thoughts on the Market. I'm Michael Zezas ... Show More
2m 17s
Feb 2022
The President and the Price of Gas
When this episode was recorded, gasoline prices in the US averaged $3.28 a gallon. Stickers of President Biden saying "I did that" decorated gas pumps across the country. What handles, if any, does a president have to lower the price of gas? How responsible are they for high pric ... Show More
28m 22s
Apr 2020
A Glut in Oil
<p>Something weird happened last week. It was something that millions of people who have faced years of painful prices at the gas pump never expected: The cost of a barrel of oil dropped into the negatives. Today, we explore why this happened, and what it reveals about the state ... Show More
27m 23s
Apr 2022
What's the Most Americans Have Paid for Gasoline?
Gas prices have been high recently in the U.S., but the national average has gone higher (once you account for inflation). Learn how gas pricing works in the U.S. and around the world in this episode of BrainStuff, based on this article: https://auto.howstuffworks.com/fuel-effici ... Show More
8m 20s
Sep 2021
World gas prices surge
Today small energy firms among those struggling to stay afloat as world gas prices spiral. Ed Butler hears from Peter McGirr, who runs Green energy, a UK gas and electricity firm supplying about a quarter of a million households. Higher energy prices could lead to all types of ad ... Show More
17m 28s