SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tommaso who wrote (60282)2/14/2000 4:26:00 PM
From: Think4Yourself  Read Replies (3) of 95453
 
Looks like we have a catch-22 here between oil prices and gasoline prices. Refiners aren't producing much gasoline (witness the low refinery utilizations) because it isn't profitable enough, so gasoline supplies are going lower and driving up the price of gasoline. At the same time the lack of consumption of oil by the refiners is being more than offset by the supply cuts. This is leading to continuing oil inventory drops and higher oil prices. The two factors appear to be feeding on each other because although gasoline prices are going higher it is still not profitable to refine because oil prices are rising as well.

This could get ugly for consumers in the coming months. Think I'll refill those Y2K gas cans I filled in December and consumed during January (at $.25 less than today's prices).
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News