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Refining crunch keeps fuel prices high as crude retreats
The refining crunch is keeping fuel prices high as crude retreats. Lost capacity in Russia and the Gulf benefits US refiners, but this situation presents a political problem for Donald Trump.
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Adjacent reporting
- Crude retreats but fuel prices stay high
- "Big problems lie ahead": Trump warns US fuel retailers over high prices
- Exxon, Chevron warn fuel prices to endure as war knocks refining
- Refiners Can’t Deliver Gas Price Relief Trump Wants, Says Stephen Schork
- US gas price relief remains elusive
- Refining margins remain elevated as demand continues to outpace supply