Expert cites unusual cause for gasoline price delay
Oil expert Hashem Aqla confirmed that the delay in the decline of gasoline prices compared to the drop in crude oil prices is normal and is due to the cycle of production, refining, distribution, and inventories that influence the pricing of petroleum derivatives. He explained that changes in gasoline prices usually appear after a week or more of a drop in oil prices, due to the time required for refining processes and clearing existing inventories. This accounts for the lag in reflecting price changes in local markets.
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