Is Big Oil Pumping Gas Prices?

With crude prices falling faster than gasoline, an old debate has erupted again, pitting drivers and gas-station owners against industry giants

Consumers packing up the family minivan for a getaway this Memorial Day will get a bit of a break when they fill up their tanks. Gasoline prices are down about 13% from their March highs, to a national average of $1.50 a gallon for regular unleaded as of May 21. But are gas prices as low as they could be? Crude oil has fallen 30% in the past two months, more than twice the drop that retail gasoline prices have witnessed in the same period.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.