Diesel is $5 in the Southeast, what kind of supply chain issue could cause 40% diff? Should we hire some tanker trucks and arb this?
EDIT: also, oil is a commodity traded worldwide, and downside of this is the price of oil is directed by future contracts bet on said oil. In other words, if enough people assume there will be future upticks related to raising cost of transportation insurance, they buy more futures. If they buy more of this virtual contract on price going up (called "long") then eventually real price of oil catches up. Sure, this is upside down, but markets live in this setup for many years now where tail wags the dog.