
Chase discusses the implications of rising gasoline and diesel prices amidst fluctuating crude oil prices and geopolitical tensions.
July 8, 2026 – Oil is moving again, but Chase explains why crude prices may still be the wrong thing to watch. With gasoline and diesel prices remaining elevated, crack spreads surging, and tensions in the Strait of Hormuz escalating, the bigger macro risk may be showing up in the products consumers actually use—not the oil headline investors are watching.
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