[Paul R.]

Gasoline prices in the region mostly supplied by Texas refineries have not shot past most of the rest of the US, so, I’m guessing low demand is modifying the shock?

https://www.gasbuddy.com/gaspricemap?

[Hootowl99]

I think two things are in play re. retail gasoline and fuels in general here in the US. I'm not a marketing specialist but some bits of info I read suggest some things. West TX and North Sea benchmarks for fuel have increased several percent but not enormously. Saudi Arabia is squeezing the oil market down via high production to reduce the current glut of oil in storage.

The amount of oil in storage is mind boggling. In Europe for example, land storage is completely full and oil tankers are on charter to simply swing at anchor as floating storage. I understand that oil storage at Cushing, OK has started to draw down, which coincides with the D coronation.

Crude oil and refined products in the US generally flow from the gulf coast to the Midwest and East Coast via pipeline, river barge and Jones Act shipping. I imagine that the cold weather and snow stuff disrupted this transportation.

Don't have sources for this aspect so rate it as a SWAG on my part. Sometime in the not too distant future, the stars are aligning for a damn large increase in $$$ for fuels, petrochemicals and steel. The D squeeze on oil & gas production is going cascade through the base industries then hit consumers in the pocketbook from multiple directions. Kaboom.

My opinions...