“The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those prices are dropping like a rock! In other words, customers are being “gouged.” I have instructed the DOJ to immediately start looking into this. Gasoline prices better start going down a lot faster than what I’m seeing! President DJT”

Rockets and feathers, as they would say. It’s just simple logistical and supply chain issues. Once again, I just want to say that futures prices are not a good indication of physical prices. That especially during April and the early part of May when the Middle East conflict was raging on.

It’s easy to say now when the premium has narrowed considerably but it takes time for companies to adjust and plan out their hedging costs, especially considering the volatility and risks involved.

This article was written by Justin Low at investinglive.com.