Originally posted by ODC: When the cost of gasoline increases, oil which is used in it's production increases in value accordingly.
Actually, that is the illogical part. The shortage is in the refining stage. This means there is a relative surplus of crude oil. The refinery should be seeking to purchase crude at lowest cost.
Since there is more crude oil than we can refine into gasoline, that should actually cause the value of crude oil to decrease, not increase.
