Asking about longer-term impact of oil price surge beyond Middle East headlines.
Carol Massar
Will Kubzansky
Oil traders focused on Strait of Hormuz flow duration; infrastructure complications emerging with storage, oil field shutdowns, and refinery operations.
Asking about broader economic impact beyond gasoline prices.
Tim Stenovec
Will Kubzansky
Diesel prices rising faster than gasoline; diesel critical for freight, shipping, agriculture, construction - impacts entire economy.
Asking about demand destruction potential as refiners face high premiums.
Carol Massar
Will Kubzansky
Demand destruction for refineries is high bar; they might reduce runs but won't shut down completely due to operational challenges.