White House, gas stations point fingers over stubborn prices while locations that slashed prices see boom

White House, gas stations point fingers over stubborn prices while locations that slashed prices see boom

As oil prices react to the latest back-and-forth between the United States and Iran, fingers are being pointed as to why gas prices remain closer to $4 a gallon than $3 a gallon.The price of a barrel of oil influences the price of gas. Within the cost of a gallon, oil producers sell the oil to a refinery that in turn sells the gas to a station. Also, in the price consumers pay are state and local taxes, environmental maintenance for the station,…

Financial News Network - White House, gas stations point fingers over stubborn prices while locations that slashed prices see boom

A White House official highlighted the Philadelphia-area Freedom Fuel Network, which is cutting gas prices and experiencing strong demand.Read More …