# The Price of Oil Is Plummeting — But the Same Can't Be Said for Gas Prices

> Oil prices tumbled after WTI fell 5 percent on Wednesday, dropping below $50 on higher-than-expected stockpiles and domestic output. Analysts said refinery operations and overseas output cuts could still keep retail gasoline prices high in coming months.

- Date: 2017-03-09 · published 2017-03-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/8366-the-price-of-oil-is-plummeting-but-the-same-can-t-be-said-for-gas-prices
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Falling crude does not necessarily translate into lower refined fuel prices, so diesel and transport costs may stay firmer than the crude move implies.

## Read by commodity

- WTI: bearish ▼

## Sources

- nbcnews.com: https://www.nbcnews.com/business/energy/price-oil-plummeting-same-can-t-be-said-gas-prices-n731331

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.