Sign up, and you'll be able to customize your font size and more! Sign up
May 19, 2022
8:20:12am
JuicyJam All-American
It's still a supply and demand thing. Less oil supply is driving up the crude
price. Then my understanding is that a shortage of diesel in Europe is making it attractive for East Coast refineries to send their diesel over there. This creates a lower supply of diesel in the US so that price rises, when that price rises refineries try and make more diesel and less gasoline, which means there is a lower supply of gasoline which drives up that price.

The crack spread is really high but, looks like it has been dropping this week.

This message has been modified
Originally posted on May 19, 2022 at 8:20:12am
Message modified by JuicyJam on May 19, 2022 at 8:38:56am
JuicyJam
Previous username
jensen46
Bio page
JuicyJam
Joined
Mar 14, 2016
Last login
Apr 30, 2024
Total posts
28,320 (1,181 FO)
Messages
Author
Time
5/19/22 8:09am

Posting on CougarBoard

In order to post, you will need to either sign up or log in.