Each $10-a-Barrel Rise in Freight Adds 23 Cents a Gallon to Gasoline, Economist Estimates

A $10-per-barrel rise in shipping costs adds 23 cents per gallon to gasoline, an economist quoted by Reuters estimated October 15, 2026. Reuters also reported freight exceeded 40% of crude's value that month. Tanker rates, what oil ships charge, fell from record highs in mid-October, then rose again by October 22. Pump prices may track freight as well as crude.