Gasoline increased to a 7-1/2-year high of 2.76 USD/Gal as traders continued to monitor Iran’s nuclear talks against an increasingly tight global oil market. Demand is running hotter than models had forecasted, and the previously expected market surplus in the first quarter of the year now seems more distant. Despite President Biden’s Strategic Petroleum Reserve release, crude oil stockpiles have stayed on a downward trend as oil-producing countries failed to meet OPEC+ output targets. Still, the resumption of the negotiations with Iran could mean the return of Iranian oil to international markets, easing some of the momenta in oil and gasoline futures.
The price may look low to folks buying for the family car. The price per gallon quoted in the graph is for gasoline purchased in 1000 barrel lots. Some markets, right now, require a minimum purchase of 25,000 barrels.
For the first time ever, the Centers for Disease Control and Prevention has told Americans that respirators — among them N95 and KN95 face masks — offer more protection than cloth masks, stopping short of directly recommending one mask over another…
“While all masks and respirators provide some level of protection,” the CDC noted, “properly fitted respirators provide the highest level of protection.” (Most people use “mask” and “respirator” interchangeably, but when the CDC and medical professionals say “respirator,” they specifically mean specialized, fitted face coverings like N95s, KN95s and KF94s.)
In its latest guide to masks and respirators, the CDC further prioritized respirators above masks — with emphasis on a proper fit — and specified they’re better than cloth products.
Make your own decisions, folks. I decided on KN95’s a while ago. But, only started changing over recently.