Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating
5 Articles
5 Articles
When Will the Price at the Pump for Diesel and Gasoline See Relief? - Energy News Beat
Crude is moving again through the Strait of Hormuz. The fuel Americans actually buy is not. That is the gap David Blackmon flags in his October 7 Forbes piece, “Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating,” and the data behind it explain why pump prices remain stuck near records even as headlines about recovered oil flows multiply.
There is again enough crude oil on the world market, but there is still a shortage of fuels that are made from it. While the resumption of transportation through the Strait of Hormuz has increased supplies worldwide, some refineries in the Middle East remain out of operation. This is most noticeable in diesel, the price of which in the US has been...
The expected cheapening did not come as oil shipments from the Gulf approached pre-war levels. Millions of barrels of cash flow have been restored, but high costs behind the scenes are keeping pressure on fuel prices.
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