Getting Ready to Erupt"The crude oil glut does not help gasoline supply. Gasoline prices hit the highest price since last January as supply continues to fall and demand continues to rise. While traders are fixated on the so-called glut of oil supply and the resumption of Libya’s largest oil field, the global surplus is tightening. Bloomberg News reports that since mid-February, between 10 million and 20 million barrels have left storage in the Caribbean, a sign that the global market is tightening. More important for drivers, the supply of gasoline in the U.S. is tightening at a frantic pace. Big oil investments have been cut back and according to the Wall Street Journal, they will be happy to break even. It is the calm before the bullish storm as the markets are in a comfort zone not realizing that the lack of investment and falling global inventories are setting the stage for a larger rally and a much more expensive summer driving season."
[url=https://https://blog.pricegroup.com/2017/04/04/getting-ready-to-erupt-the-energy-report-040417/][/url]