Post #2747952

From a high level, this is about supply chain disruption and market confidence. This 20% impacts the entire world, and there is no clear time frame to any resolution. Oil is used in almost everything, so the gas at your pump is competing against everything from medical plastics, to jet fuel, lubricants, fertilizer, you name it. Gasoline for vehicles is a very easy place to squeeze out profits in a very uncertain environment.