Gasoline Doesn't Care About The SPR
Gasoline and Heating Oil are inflated beyond traditional seasonal patterns.
Crude Spreads are Unstoppable
Author: Brynne Kelly 6/06/2022
Over the weekend, Bloomberg reported: "Western Canadian Select’s discount to benchmark West Texas Intermediate grew US$1.70 to US$20.80 a barrel in Alberta on Friday, the widest in almost seven months, data compiled by Bloomberg show."
The report goes on to say:
"Soaring energy costs prompted the …