Oil just hit a 6-year low. Here's why gas prices haven't followed suit.

The price of U.S. crude oil is below $40 for the first time since 2009, when the global economy was in shambles, with West Texas Intermediary crude selling for $39.66 early Monday. The international benchmark, Brent crude, was down 21 percent year to date, at $44.62 a barrel. U.S. gas prices haven't fallen nearly that much, especially if you live in the Midwest or West Coast. The reason? Refinery problems, says The Wall Street Journal.

The U.S. hasn't built a major new gas refinery since...

What feeling does this article give you?
Joy
Disgust
Fear
Anger
Sadness

#hashtags to follow:

West Texas Intermediary [+]    Monday [+]    Brent [+]   

More #news: