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Started By
Message
re: Oil prices could climb; 2024 US production growth outlook halved by RBC Capital
Posted on 3/6/24 at 10:50 am to KCkid
Posted on 3/6/24 at 10:50 am to KCkid
quote:
Gas prices going up here in KC. Mid January I paid 2.52. Paid 3.29 this morning.
1- EIA reported total motor gasoline inventories decreased from last week.
LINK
2- SUPPOSEDLY (Not sure if true), Kansas City is a region where retailers have ignored daily fluctuations (at least the increases) in market prices for possibly weeks at a time in order to try to undercut each other, then one finally give in to get its margins back in line, and the others follow suit.
I don’t know if that’s completely true.
Also, I think I read somewhere that a Midwest refinery or two was severely restrained or even down, though I’d have to go back and try to look that up. Maybe I just imagined that.
This post was edited on 3/6/24 at 10:52 am
1
Posted on 3/6/24 at 1:40 pm to ragincajun03
quote:
Also, I think I read somewhere that a Midwest refinery or two was severely restrained or even down
That wouldn't be surprising. Our current fuel bottleneck isn't oil, it's gasoline refinement capacity.
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