The price of gasoline and other distillate fuels have rallied in recent weeks at a faster pace than the upstream crude oil benchmarks. At a time when central banks around the world appear to be nearing the end of their respective cycles of interest rate increases as inflation slows in major economies, a rally in energy markets could cause concern. In this week’s blog, we will look at the primary causes behind the recent price rises in gasoline and other distillate markets and how this situation may develop further. Crude Oil Benchmarks on…
