Oil Is Flowing Again — Here’s Why Your Prices Aren’t Back To Normal Yet

The Strait of Hormuz remains open this week, with shipments nearing prewar levels, but fuel prices won’t follow suit until diesel shipments resume and countries replenish their oil inventories. Last week, the U.S. Strategic Petroleum Reserve fell to a low it hadn’t seen since 1982 — when the emergency stockpile was in its infancy and ...

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