Refinery bottlenecks push gasoline price risk toward $5 a gallon
TL;DR
JPMorgan’s energy team argues a bigger problem than elevated crude prices is tightening refined-product markets: refiners cutting runs in Asia and Europe, plus reduced Middle East gasoline exports, are pushing gasoline supply tighter while jet-fuel yields rise. The result is narrowing balances and higher pump prices, with US gasoline around $4.56/gal and the risk of $5/gal looming ahead of the summer driving season.
- ‘The risk of $5 gasoline can no longer be dismissed’ Financial Times
- You’re paying for the jet fuel shortage when you fill your car with gas CNN
- Risk of $5 Gasoline ‘Can No Longer Be Dismissed,’ JPMorgan Says Bloomberg.com
- How’s It Going to Be – How a Prolonged Conflict with Iran Could Disrupt U.S. Gasoline, Jet and Diesel Markets RBN Energy
- Aviation Fuel Prices Continue to Rise in April General Aviation News
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