I suspect it's because fuel is a much more elastic product. While you can't just throw up a new pump, you have lots of producers can increase their existing ou

I suspect it's because fuel is a much more elastic product. While you can't just throw up a new pump, you have lots of producers can increase their existing output. Fuel doesn't change. The hydrocarbons pumped out 100 years ago still work fine. So it can be stored. It's also a simple commodity. Basically everything runs on either gas, petrol or diesel. Not whatever ridiculous amount of chip variations. But I'm not an economist so this is just a guess