• canihasaccount@lemmy.world
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    1 year ago

    Crude isn’t RBOB. Converting crude oil (which went negative) into automobile gas (which didn’t) is a process that takes time/work, and not everyone has the infrastructure to do it. Crude also loses the ability to convert to RBOB in time, so if you buy and can’t convert or use it otherwise in time, it’s wasted money. Crude went negative but RBOB didn’t, and auto gas companies were making only their usual profit off of it at the time.