![Higher gas prices, declining oil prices](https://leftish.media/wp-content/uploads/2022/06/gas-and-oil-prices-150x150.jpg)
There has been a lot of talk about inflation, which I address in an other post, but for now I want to focus on gas prices. First, take a look at the illustration. Notice that even though oil prices are declining, gas prices are still rising. This is known as the ‘crack gap’ and exists…