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Brent crude, the international standard, fell 5.2% to $105.45 per barrel. But gasoline rose 3 cents overnight to $4.56 a gallon, according to AAA.
With oil refiners skewing their output toward diesel and jet fuel, they inevitably produce less of other petroleum products, including gasoline.
Gasoline prices through Monday, vs. Brent. Why the divergence? Both prices are depicted using log scales. It’s clear it’s not a one-for-one relationship, but the gap is interesting...
While we call both of these two fossil fuel sources 'gas,' compressed natural gas and gasoline are two very different things with some interesting similarities.
A global supply crunch has U.S. refineries producing jet fuel at a record pace while skewing output away from gas, setting up a potential production clash.
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