It's going up, way up.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1II0PP
Rumors of $6/gal coming and gas dropping to $1. Of course don't expect to see the cut at the pumps as govt will step in and help themselves to another tax hike. If your familiar with the 3-2-1 crack spread, the spread is likely to occur. Also expect further downside on WCS and shale oil as its more friendly to gasoline then lighter sweeter crude. Somehow im thinking the 58% collapse last 2 months in baltic dry Index has spurred this as the industry tries to push out the older fleet and get their rates back up after the 2008 overbuild.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1II0PP
Rumors of $6/gal coming and gas dropping to $1. Of course don't expect to see the cut at the pumps as govt will step in and help themselves to another tax hike. If your familiar with the 3-2-1 crack spread, the spread is likely to occur. Also expect further downside on WCS and shale oil as its more friendly to gasoline then lighter sweeter crude. Somehow im thinking the 58% collapse last 2 months in baltic dry Index has spurred this as the industry tries to push out the older fleet and get their rates back up after the 2008 overbuild.
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