You’d think that the cost of commercial transportation and all petroleum based products would start falling. Wonder why it has not?
Its happening too fast. The decreases have not had a chance to make it into the pipeline yet.
Large transport companies hedge their purchases at least a quarter or two in advance. That means that big fuel users are STILL paying higher prices because that was their contract.
The same with the frackers and what not. They, like farmers, are selling their “crop” in advance. Then they take insurance out in case there is a problem. Those derivatives are going to be the problem.