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Shale Boom Affects Gas Price Gap

Bloomberg reports that "oil and natural gas gushing out of fields from Pennsylvania to North Dakota are flooding the U.S. with the low-octane stuff that goes into regular gasoline used in the Ford Focuses of the world, dropping prices at the pump for most drivers to the lowest autumn level in nine years."

"At the same time, additives that enhance gasoline into premium fuel designed for the high-performance engines in BMWs and Ford Mustangs haven’t become any easier to come by. That’s helped push the difference between the two grades in the United States to an average of more than 50 cents a gallon, the most on record."
Topics: news