Oil Is Down, So Why Is Gas Going Up?

So how do oil prices fall but gasoline prices rise in many parts of the country? One explanation offered: with 15 refineries that consume nearly 4 million barrels a day shut down, there is less demand for oil. Less demand means that prices drop. That, combined with the belief that oil platforms in the Gulf of Mexico were probably spared Hurricane Ike's wrath (though the judgment is a bit premature since oil companies are just starting to evaluate oil platforms for any damage), leads oil...Full Story
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