Six-Year High Margins Prompt U.S. Refiners To Boost Gasoline Production ...Middle East

The highest refining margins since 2015 as U.S. gasoline prices rise are a great incentive to American refiners to increase gasoline production, according to Reuters columnist John Kemp. In the aftermath of the cyberattack on Colonial Pipeline, the national average U.S. gasoline prices shot up to over $3 per gallon to a seven-year high amid shortages at the gas stations and panic buying. The national average price is expected to fall back slightly below $3 per gallon on Memorial Day, GasBuddy said this week. With more people vaccinated and the…

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