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Overnight Open Thread

216
Locker5/27/2010 6:56:49 am PDT

re: #210 sattv4u2

Incorrect, imho

What was ‘lost’ there has not affected the price at all. In fact, prices at the pump have been falling since this started

What DOES affect the price (seasonally) is refineries having to switch from ‘winter blends” to “summer bliends” and back. They can’t store old/ unused seasonal stuff beyond several months, so that goes back to production.

fuelgaugereport.com

Whole sale and crude prices have dropped while consumer prices have risen.