The laws of supply and demand don’t apply to gasoline prices
Apparently, fundamental laws of
supply and demand don’t apply to gasoline!
Refiners supplied 7.4% less gasoline than a month ago, yet managed to increase
inventories by 2.5%. This can be explained in one or both of two ways. The first
is that perhaps there has been disconnects between production and distribution
so that refiners are finding it necessary to store product. This explanation is
unlikely…
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