Surveillance: Fed Cuts with Ausenbaugh
Bloomberg Surveillance
00:00
The Hot Weather Is Reducing Refinery Capabilities
I'm not as bullish that the prices will continue to go high or at least I do think that supply continues to meet the record demand that we're facing. The story in the gasoline price spikes that we've seen in the US, it's just inventory inventory inventory inventory and motor gasoline and refined products don't move around the world as well as crude does. In the US, motor gasoline stocks inventory stocks are down to its lowest level since 2015. How did they rebuild that? There is a question about rebuilding that and there is a lack of refineries in the United States.
Transcript
Play full episode
