If oil is tight and diesel is tight
Why are crack spreads falling
https://www.energystockchannel.com/3-2-1-crack-spread/
and why is gasoline and diesel falling?
Pretty soon the big guy will be crowing how he reduced prices from $ 5.00 to 2.75 by playing with the Easter Bunny and demanding oil companies stop gouging
Things I don't understand
Re: Things I don't understand
Actually, gasoline at $5.00/gallon when oil averaged $108/bbl in Q2 made no sense. Retail gasoline prices are now close to where they should be with WTI averaging $90/bbl in Q3.
Low inventories of gasoline at the beginning of the summer driving season caused the spike in transportation fuels.
Low inventories of gasoline at the beginning of the summer driving season caused the spike in transportation fuels.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group