I’m Shocked, Shocked to Find Competitive Dynamics Going On

Lynne Kiesling The Wall Street Journal reports this morning that “gasoline prices fall as imports rise, demand drops”. Naturally, I cackled gleefully and clapped my hands when reading this. The EIA weekly petroleum status report indicates that Total product supplied over the last four-week period has averaged over 20.0 million barrels per day, or 3.2 …

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