Refiners Are Getting Squeezed by High Crude Oil Prices and Faltering U.s. Demand, So Let’s Increase Their Costs!
Michael Giberson The Houston Chronicle reports on the difficult financial position of many U.S. refineries. Crude oil prices are up for refineries relying on international markets, but U.S. consumers are moderating their gasoline consumption at higher prices and so refiners find their margins to be getting squeezed. A good article, but right at the end …