Crude's down three days straight, but refined products keep climbing. US diesel just hit a record $6.45.
Meanwhile, Saudi Aramco quietly told European refiners: expect zero crude in October.
This is the part people miss. The headline oil price doesn't always tell the real story. What matters is what you actually burn in your truck or heat your home with — and that's moving the opposite direction.
Refineries are the choke point. If crude supply tightens regionally or refining capacity can't keep up, you get this: cheaper input, pricier output. It's not logical until you remember markets are made of bottlenecks, not theories.
Watch the spreads. Watch what's actually being delivered. The gap between $WTI and pump prices is where the truth lives.
Meanwhile, Saudi Aramco quietly told European refiners: expect zero crude in October.
This is the part people miss. The headline oil price doesn't always tell the real story. What matters is what you actually burn in your truck or heat your home with — and that's moving the opposite direction.
Refineries are the choke point. If crude supply tightens regionally or refining capacity can't keep up, you get this: cheaper input, pricier output. It's not logical until you remember markets are made of bottlenecks, not theories.
Watch the spreads. Watch what's actually being delivered. The gap between $WTI and pump prices is where the truth lives.
