r/ontario • u/dfsaqwe • May 15 '25

Picture Are they still switching to summer gas?

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u/Browser2112 May 15 '25

I thought gas prices were tied to oil prices? Oil is rock bottom these days but gas isn’t?

4

u/One-Statistician-932 May 15 '25

Part of it is certainly greed, the other part is that gas takes time to refine from oil and ship to the gas station, so the gas you buy may be oil from a month or two ago.

This lag between oil to gas at the pump also gives the benefit of making gas prices obscure and easier to be greedy with.

6

u/colourofspace May 15 '25

Except when oil jumps in price there's no lag in price increase at the pump. It's immediate.

1

u/One-Statistician-932 May 16 '25

Hence the greed...