Refineries REALLY ARE at capacity
Diesel prices are going to continue to drop along with crude oil futures. Crude has dropped more than 25% within the past 30 days.
>>>Also, refineries are refocusing their production efforts to gasoline and diesel, cutting production of lesser demanded and less profitable petroleum products. For example,
LIQUID ASPHALT production has been drastically cut so that the refineries can push out our fuels.
I know it's a lot more fun to believe that there is some kind of conspiracy out there, but the refineries REALLY ARE operating at near capacity, and good old supply and demand has dictated the market price.
Anybody who invested substantially in liquid asphalt futures will be sitting pretty for a while. Those who need the product but didn't invest in futures will be hurting....