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