Wednesday, August 19, 2015

CRUDE OIL PRICES FALL while PUMP PRICES ARE RISING

CRUDE OIL and GASOLINE PRICE disconnects 

Oh it's a BP REFINERY PRODUCTION PROBLEM

So it's all because of BP

http://www.jsonline.com/business/refinery-problem-sends-gasoline-prices-soaring-in-upper-midwest-b99555789z1-321569541.html 

http://www.nbcchicago.com/traffic/transit/Gas-Prices-Could-Rise-Across-Midwest-After-Reported-BP-Refinery-Issue-321533691.html 

The TWO CHARTS BELOW show WTI CRUDE OIL and GASOLINE FUTURES.  Both prices are descending.  Now we have an interesting developing concerning GASOLINE PRICES.  The price of the PHYSICAL GASOLINE is rising.  The price of the PHYSICAL GASOLINE is disconnecting from the PAPER PRICE:



 




 


Does T. Boone Pickens know what will happen to CRUDE OIL?

About a month ago this interview took place on FOX NEWS.  The host reporter here is a real brat and is extremely boring to listen to.  But there is some information here worth reviewing:

...developing...