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Crude oil prices going up??

Updated: May 23, 2023

Crude Oil reserves stand at 95.6 million barrels . pretty much the same level as last year.


But, the diesel price was $5.571 a gallon last year on May 23. Diesel price currently stands at $3.883. So will it go up?


Probably not.


Why? Because demand for oil isn't there.


Van Load to Truck Ratio is currently at 1.9...down 79.5% from January 2022 when it was 9.34.

When the Load to Truck Ratio turns around fuel stations will start to raise prices :/.







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