This Is What Actually Determines the Price of A Gallon of Gas

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 19 August 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Gas prices are central to everything these days. Biden's approval rating seems to move inverse with the price of gasoline. The entire market started rallying after gasoline prices started moving lower in June. But then, what exactly determines the price of gasoline? Of course oil is a big part of it, but it's just one significant driver. There is also refining capacity. And taxes. And the gas station's margin. And the cost of distribution within the United States. So how does it all shake out? On this episode we speak with Patrick DeHaan, head of Petroleum Analysis at GasBuddy, who breaks it all down, and helps us understand the market for gasoline.

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Transcript

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0:00.0	Do you know what your interest rate is on your savings account?
0:02.7	I bet it's lower than you think.
0:04.3	Go ahead and look.
0:05.2	And in the meantime, I'll tell you about U.S. Treasury bills on public.
0:09.3	As of 9-1-2023, you could earn an annualized 5.5% yield with T-bills when held to maturity.
0:16.2	That's the highest rate on six-month Treasury bills since the year 2000.
0:20.0	Go to public.com-slash-t-bill-podcast to get started.
0:23.8	This is a paid endorsement by public.com,
0:26.0	fees and conditions apply.
0:27.3	Treasury accounts at public.com or through Geco Securities Inc.
0:30.4	Member Finra and SIPC.
0:31.8	Not FDIC-insured?
0:33.1	No bank guarantee.
0:34.0	May lose value.
0:34.8	Full disclosures can be found at www.public.com-slash-t-bill-podcast.
0:56.1	We're leaning pretty hard toward equity.
0:58.6	Because of all the dislocations, there's always relative value trades that you could be doing.
1:03.2	Subscribe to the tape today on Apple, Spotify, Bloomberg.com or wherever you get your podcasts.
1:19.8	Hello and welcome to another episode of the AdLots podcast.
1:24.4	I'm Joe Wyesenthal.
1:26.2	Unfortunately, my co-host Tracy Alloy is off today.
1:30.9	Nonetheless, we're going to hopefully have an important conversation about gasoline.
	...

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