The King of Saudia Arabia passed away yesterday and I hope he rests in peace. This is not going to be a goo thing. Gas prices are almost certain to rise until everything settles down at the least. Although the House of Saud has ruled with a tight fist and the Crown Prince Salman takes over someone will try flexing their muscles.
The gnashing if teeth introduces volatility to the crude market and hence rising prices are to be expected. I should have known that Shenandoah would be spot on with an accurate assessment of a bad case scenario on the passing of King Abdullah.