How per barrel cost of oil becomes price per gallon

It’s curious since the cost of wheat determines the price of bread and the cost of pork bellies affects the price of bacon, but we’re more concerned about those 42 gallons of sweet light crude.

And while we all know the closing price for a barrel of oil, most don’t understand how and when that will translate into price changes at the pump.

The price you pay for a gallon of gas at your local station is a combination of many costs occurring over many different time periods.
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