Gasoline Prices Climb as Global Refining Disruptions Squeeze Supply
Crack spreads, which measure refining profitability, have risen sharply since May due to tight global gasoline supplies. Disruptions at refineries in Russia, China, and the Middle East have reduced output, while U.S. imports have fallen 32% below the five-year average. These factors have pushed wholesale and retail gasoline prices higher.
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This summary is AI-generated and original to Mobble; the linked article is the authoritative source.
Original headline: “Elevated Crack Spreads & Crude Oil Prices Contribute to Higher Prices at the Pump.” Browse more stories.