Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating
First reported 6 Oct, 11:00 UTCUpdated 3h ago4 sources
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Crude oil flows from the Middle East have returned to pre-Iran Conflict levels, but a variety of factors are combining to keep diesel and gasoline prices high.
Excerpt from Forbes
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More oil is flowing through the strait, but that doesn’t mean the U.S. has won.
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.
The Strait of Hormuz remains open this week, with shipments nearing prewar levels, but fuel prices won’t follow suit until diesel shipments resume and countries replenish their oil inventories. Last week, the U.S. Strategic Petroleum Reserve fell to a low it hadn’t seen since 1982 — when the emergency stockpile was in…
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4 outlets — tap a headline to read it at the source
- The Battle for Hormuz Is Not the War (opens The Atlantic in a new tab)
More oil is flowing through the strait, but that doesn’t mean the U.S. has won.
- Oil Is Flowing Again — Here’s Why Your Prices Aren’t Back To Normal Yet (opens The Daily Wire in a new tab)
The Strait of Hormuz remains open this week, with shipments nearing prewar levels, but fuel prices won’t follow suit until diesel shipments resume and countries replenish their oil inventories. Last week, the U.S. Strategic Petroleum Reserve fell to a low it hadn’t seen since 1982 — when the emergency stockpile was in…
- Petrol and diesel prices today, October 7: How much does fuel cost in Delhi, Mumbai, Bengaluru (opens Mint in a new tab)
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels.
- Oil Is Flowing Again But Gasoline, Diesel Prices Aren’t Cooperating (opens Forbes in a new tab)
Crude oil flows from the Middle East have returned to pre-Iran Conflict levels, but a variety of factors are combining to keep diesel and gasoline prices high.
