Replies to post #88142 on Savvy Trades and Investments

[blindman28]

Re: Oil: i think you are right but not at $70 a barrel.. i would say more like $85+

[littlejohn]

Oil , price has just recently caught up

with the higher gas prices

that were pushed up much faster

than oil price was moving from

February thru about April...


Gas price spike came just in

time for spring break...


But they didn't let the gas

price drop after Mother's Day

or in most recent oil price

retreat...


Big oils seem to control gas

prices more than oil prices...


Refiners need to keep their

pedal on the refinery operations

in case of any potential climate

related summer problems...


A flat gasoline inventory now

to the 5 year average is not

a great comfort zone...


Another bad tropical season like

2020 would leave some areas

scrambling to find gas with the

lower 2021 gasoline inventories...


And Cal could end up calling

for more train load delivery

relief under worse case scenarios...


It's not all about price but

it is all connected...


so we watch...LJ