Eyes on Refined Product Prices
Original Report
Oil futures jumped on Friday, presumably will again today — but with refining capacity down, the number(s) to watch might be for refined products (given damage to refineries especially in Russia)....
Oil futures jumped on Friday, presumably will again today — but with refining capacity down, the number(s) to watch might be for refined products (given damage to refineries especially in Russia). Here’s Brent futures (black line) vs NY Harbor RBOB gasoline (brown line), for September: Gasbuddy indicates average price at 3.96 today, slightly down from […]
Glass House Analysis
Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
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