RBK20 NYH RBOB Gasoline (Globex)
1/1/20 $1.89
4/8/20 $.69 -$1.20 63.49%
CLK20 Light Crude Oil (NYMEX)
1/1/20 $60.66
4/8/20 $25.73 -$34.93 57.58%
national average gas prices source: https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=EMM_EPMR_PTE_NUS_DPG&f=W
1/6/20 $2.5778
4/6/20 $1.9224 -$.6554 25.42%
Approximate 6% difference from oil to gas, market prices from refineries have dropped more than oil itself. This means there is a glut in gasoline, much less use do to pandemic. Pump prices have only decreased by 25.42%. From market price to pump, gas should be $.94 at the pump. If this isn't price gouging, I don't know what is.