Oil and Gas Pricing Economist Severn Bornston

Severn Bornston is an oil and gas pricing economist at the Energy Institute at UC Berkeley. Whatever crude oil sells for, that has the biggest impact on gas prices, he says. A barrel was going for about 60 bucks before the pandemic; now it's around 100 dollars. $100-ish a barrel divided by 42 gallons in a barrel equals about $2.40.