U.S. Refiners Miss Out on America's Fuel Boom Amid Setbacks - Bloomberg

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Americans are burning through gasoline and diesel like Covid-19 never happened, but U.S. fuel refiners aren’t cashing in as previously expected because of a confluence of headwinds.

Refiners are struggling to source cheaper grades of oil and are instead resorting to more expensive imports. Some are paying record amounts to comply with the U.S. biofuel mandate. On top of all that, a glut of jet fuel due to lingering international travel restrictions is curbing what, in pre-pandemic times, would normally be a much bigger source of revenue.

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"fuel" - Google News
July 28, 2021 at 05:00PM
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U.S. Refiners Miss Out on America's Fuel Boom Amid Setbacks - Bloomberg
"fuel" - Google News
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