Oil and Gasoline Prices: The Crack Spread

When a major US refinery shuts down, why do oil prices go up? This is counterintuitive. After all, a shut-in refinery means reduced demand for oil. And less demand should mean lower price pressure, right? Wrong. Here’s an account of the strange ties between oil and gasoline prices, from a Canadian’s perspective.


The Question of Collusion: Motorists often express concern