Crude oil could pass for "stable" last week, although a new all-time high water mark was again registered. But the runaway bull market at least paused, perhaps because global equities markets pointed to uncertain economic growth. Gasoline actually outperformed crude. Refinery problems at the Gulf Coast and on the West Coast helped to push prices to about $2.45/gal at the Gulf Coast and to more than $2.60/gal out West. That helped refiners who contended with gasoline "cracks" of just $2-$5 bbl in October.
展开▼
