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The gasoline prices in US have little to do with price of oil. In 2008 oil was 140 USD while gasoline was much cheaper. The real problem is underutilization of
by _0w8t 4y ago
The gasoline prices in US have little to do with price of oil. In 2008 oil was 140 USD while gasoline was much cheaper. The real problem is underutilization of refineries . Some of them reduced output during Covid and was not able to restore production. Some where closed due to environmental regulations.
- themitigating 4y agoTo add to your comment: "U.S. oil refiners’ margins smash records, but few plan to build more plants" https://www.marketplace.org/2022/05/23/u-s-oil-refiners-margins-smash-records-but-few-plan-to-build-more-plants/ https://www.marketplace.org/2022/05/23/u-s-oil-refiners-marg...