Because of the very
close relationship between U.S. gas prices and forum activity, I tend to follow news about oil & gasoline price swings. Especially when they're near exremes.
So I thought I'd start this thread for posting interesting tidbits and factoids.
Here's a chart I haven't seen before that helps to illustrate why oil prices crashed in the last year or so. US non-strategic oil stockpiles are through the roof due to the spike in production from fracking/tight oil production in recent years.
Through the winter I kept seeing reports about possibly running out of storage room.
Source:
Why oil prices have nowhere left to go but down - MarketWatch
Despite that, U.S. gasoline prices hit a six month high on the weekend.
Talk about mixed signals.