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Old 05-04-2016, 10:52 AM   #1 (permalink)
MetroMPG
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Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
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Blackfly - '98 Geo Metro
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oil / gasoline price watch

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.

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