I just talked to a buddy in petroleum sales. He said this is the only time in 30 years he's seen two price increases in the same quarter.
Also said the motor oil shortage is real. One of the refineries that makes the synthetic oil for 55% of the North American market was damaged and is expected to take 18-30 months of repairs to get back online and that they haven't started or said when they were going to start repairing it.
