U.S. pump prices and projections

Harry Le Hermit said:
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Gasoline futures have tended stabilize a bit, although the pass through has not reached everyone. Currently expect another 20¢. Diesel futures seems to have stalled, with not much upward pressure at the moment. Keeping fingers crossed.

The big story seems to be for East Asia and California. Those prices are difficult to gauge with Middle Eastern spot markets trading at a very steep premium to Brent and WTI. Steep as in Oman benchmark at $160. ($73 one year ago. Brent benchmark was $69)
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It seems the Jones Act has temporarily been suspended, which will be a big help in mitigating prices on the West Coast, especially California.
 
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Another uptick in gasoline/diesel futures, which will get passed on to your local stations.

Not sure what to believe, but rumor has it, that sending refined products from the U.S. Gulf to Australia is taking place. The theory goes that Australia has near zilch in the way of refining capacity, with their sources beginning to limit exports. If true, Australia would be facing shortages by end of April. While it is possible, the capacity to export additional gasoline/diesel is limited by port berths availability. Current exports could only be increased by maybe 600k barrels per day. Drawdown of the U.S. SPR is also on tap, but is limited by pipeline capacity of about 1Mbpd.

There are also some rumors regarding halting exports of crude oil, which was once the norm, until 2015, when a law was enacted to allow such exports. It sounds fabulous, until it doesn't.

Seems like a lot of these rumors are being run up the flagpole to see who might actually salute it.
 
I wonder why the countries that are having their facilities attacked with pin point accuracy wouldn't prepare for those kind of attacks.
Given the amount of missiles & drones & ongoing buildup combined with providing funding for terrorist groups in the mid east I'll ask for opinions on.

Thinking out of the box.

Without preemptive action now.
In the not to distant future would Iran benefit from attacking those countries that are seemingly defenseless ?
What would control of the mid east do?
 
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