Looks like the sudden drop in oil price is being reflected at the pumps. Good for consumers, not so good for me working in the offshore oil and gas industry. Low oil prices tend to make offshore projects get suspended or cancelled.
I just wonder, in a couple months when consumption ramps back up, if the reduced production and supply will bite us on the butt? I guess we'll find out, but I'm filling my cans now.
I don't know if the supply will drop, plenty of room to store it and production right now is probably pretty high as Saudi Arabia and Russia have basically said they are going to produce as much as they can which is one of the big causes of the price drop.