U.S. oil refiners’ margins smash records, but few plan to build more plants - Marketplace


5/23/2022 12:00:00 AM2 years 11 months ago

"Crack spreads" are higher than ever. But investors aren't interested in dumping money into fossil fuel expansion.

A barrel of West Texas Intermediate oil costs about $110; and Brent crude, mainly refined into diesel fuel and gasoline, is at $113. The national average price of gasoline: $4.59 a gallon. Late las… [+3008 chars]

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