Oil futures jumped on Friday, presumably will again today — but with refining capacity down, the number(s) to watch might be for refined products (given damage to refineries especially in Russia). Here’s Brent futures (black line) vs NY Harbor RBOB gasoline (brown line), for September:
Gasbuddy indicates average price at 3.96 today, slightly down from two days ago — but beware the seasonality (Sundays typically low).
Additional discussion oil vs. refined products in Economist.
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