Here in Krazy Kalifornia, our prices skyed when that Arbian oil refinery was hit maybe 45 days ago. We’re already a solid buck over anywhere else in the country in CA. Anyway, as part of my trading, that spike in the real-market crude oil price lasted a grand total of 2, maybe 3 days before returning pretty close to where it was before the attack. But here we are, 4.09 is typical. 3.99 is a steal, right?
You trade crude futures? That takes a big margin and elephant balls.