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Oil refineries

U.S. oil refiners are doing well, even though gasoline prices are down

by Andy Uhler
Aug 2, 2022
Why? It's called the crack spread.
"Increases in the crack spread that we've seen recently has been just supply and demand,” explained MIT professor Christopher Knittel.
George Frey/Getty Images
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Could reopening idled oil refineries ease gasoline prices?

by Lily Jamali
May 30, 2022
The idea is drawing attention, but analysts disagree on whether White House pressure on the industry would work.
The Biden administration is reportedly asking oil companies to bring shuttered refineries back online.
Brandon Bell/Getty Images
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