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Why Is There A Gasoline Glut?

Why Is There A Gasoline Glut?

Gasoline demand for the summer of 2016, despite high temperatures and cheap prices is down from last year, which has sent stockpile soaring, but why?

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Oil prices fell back to two month lows, by and large as a result of increasing product inventories which caused refining margins to slide to abysmal levels

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Oil Continues To Plunge As Markets Turn Bearish

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Oil is set to close out the week with a loss as worries over a glut of refined product inventories persist

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