Publications: Notes at the Margin

Too Much Gasoline (June 24, 2019)

 

The world is awash in gasoline. The pending completion of new, efficient refineries in Asia will boost supplies further, as will increasing production of light sweet crude in the United States. Meanwhile, some governments are garroting demand by forcing the adoption of electric cars. The inevitable consequence will be lower gasoline prices. Crude prices will be pulled down.

 

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