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Feature: US drivers in for expensive summer as refiners grapple with high demand

June 10, 2022 Comments Off

With average US gasoline prices breaking the $5/gal level in early June, refiners are working hard to meet rising post-coronavirus demand from drivers seemingly undeterred by high pump prices. “Pent-up travel demand in North America will support oil consumption despite mounting pressure from high retail prices and eroded consumer purchasing power from high inflation,” according to Platts Analytics. And GasBuddy,…