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Gas Prices Are Rising. Refiner Stocks Are Riding the Wave—for Now.

Por: MarketWatch Business January 28, 2023

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Refining capacity has fallen recently. Late last year, refineries were operating at 95% of capacity, extremely high for that time of year. But in the past few weeks, companies have been taking more refineries out of operation for maintenance. Now they’re operating at 85% capacity. With less fuel being sent to market, prices are rising again. Demand is up, too. Gasoline exports have roughly doubled from a year ago, and China’s reopening means... + full article



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