Things I don't understand

[Fraser921]

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

[dan_s]

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.