But there's no need for consumers to panic right now, according to energy analysts. West Texas Intermediate, or WTI, crude prices are merely playing catch-up with global oil, such as the European Brent benchmark -- and gasoline prices have been following Brent prices for almost the entire year. So have heating oil and jet fuel prices.
"In terms of headline movements, products are following Brent, not WTI, so the move in WTI in the last few days should really be a moot point," says Matt Smith, commodity analyst at Schneider Electric's Summit Energy.
"So far, not any worry," said Cameron Hanover energy analyst Peter Beutel. "Yesterday, it was just WTI returning to its proper place in relation to Brent," he agreed."Except for refineries in the
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