Dislikedby the way guys, In the US, we currently have about 1 days supply of gasoline in storage above the minimum required operating level. Unless the supply/demand situation changes quickly, we will be shutting down remote sections of pipeline distribution system and ceasing delivery to certain areas of the US by October/November.
OPEC has their meeting on September 11, and they have made it quite clear that they are not going to increase exports. The reason is they are at maximum capicity, but of course they will not state that. Expect significantly higher gas prices after they officially state they are not increasing production. Demand has to be reduced, and that will only come with higher prices.Ignored
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