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With Oil Weak, Why Aren’t Prices at the Pump, Lower?

Oil again landed on the trader radar after crude traded lower despite what should be a bullish inventory report.

Considering the weakness in oil, shouldn't prices at the pump be a lot lower. Dan Dicker of MercBloc tells us that although gasoline historically trades in tandem with WTI , in more recent days it’s been trading in tandem with Brent .

”When you look at what it costs people to fill their tanks, look at what’s happening in the Brent market,” he says.

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Time to Sell the Refiners?

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