Oil Price Drops, Gas Price Rises

petrol-162948_1280Crude oil is at a 6 year low price and yet the price of gasoline at the pump is still rising in many areas. But why?

Drivers can thank refinery troubles for that puzzling development.

The median price for gasoline in the U.S. Friday stood at $2.559 a gallon, up 6 cents from a week ago but down from $2.699 a month ago, according to retail fuel data site Gasbuddy.com The Chicago region has seen the biggest regional rise, with prices rising more than 60 cents from last week’s average to $3.372 a gallon.

Find out more at Market Watch.

Photo courtesy of: geralt