Oil Prices Dropped From $120 to $88. Why Is Nothing Cheaper?

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Oil prices fell from $120 to $88 in five months, yet consumer prices remain high. In this economics explainer, we break down why the drop in crude hasn't translated into cheaper goods, covering refinery margins, retail pricing, and the persistent supply disruptions. Chapters: 00:00 Brent crude peaked near a hundred and twenty dol 00:20 The swing was not demand 00:32 And about six hundred thousand barrels a day are

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Oil Prices Dropped From $120 to $88. Why Is Nothing Cheaper?