US refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. Despite increased production, consumers face persistently high gasoline and diesel prices. US commercial crude stockpiles have fallen to their lowest levels since 2018.

US oil inventories drop to critically low levels due to the Iran war. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

US refineries are processing crude oil at their highest rates since before the pandemic. Global fuel supplies remain critically low due to ongoing conflicts and disruptions. …