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Note that this is bad news for Iran, an exporter of crude and importer of refined gasoline. (Data on Iran's crude exports and gasoline imports at energy.seekingalpha.co....) Wonder what the knock-on effects of that will be.
May 25 11:01 am
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All Comments by Frank Li »Gas Prices Up, Crude Down, Refinery Problems Cited [View article]
One other point: interesting how similar this is to the gap that's opened between some of the gold mining stocks and the gold ETF. When there are production problems, the commodity can go up in price (in this case gasoline) but the producers' stocks fall. Pity there's no refined gasoline ETF, only a crude oil ETF.