Companies like Valero, Phillips 66 and Marathon Petroleum are benefiting from record margins for turning crude oil into fuel.
The majority of the cost of a gallon of gas is the cost of crude oil. (Brandon Bell/Getty Images)Gasoline and diesel prices have been rising again as the war in Iran drags on, with average U.S. gas prices sitting at $3.98 per gallon in the U.S. on Friday, up 10 cents in the past week.
US refiners hit record profit margins amid supply disruptions from the Iran war. Crude oil reaching a new all-time high by…
Global refining margins for gasoline and diesel have surged to record highs as geopolitical tensions, Russia's diesel export ban,…
Global oil refining margins hit a record $59 per barrel amid capacity constraints. Crude oil reaching a new all-time high by…
Refining margins have surged to record highs as crude prices have fallen while gasoline, diesel, and jet fuel remain scarce,…
Marathon, Valero and Phillips 66 are leading the S&P 500 in July as the 3-2-1 crack spread hits a record near $70 a barrel.
U.S. gasoline inventories are falling at a record pace, raising questions about summer fuel prices, refinery capacity, and energy…
