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Refinery outages pushing fuel prices higher than crude oil costs
Original: Refinery outages pumping up fuel prices more than cost of crude oil
Fuel prices are rising faster than crude oil costs because of refinery outages, according to analysis from the Federal Reserve Bank of Dallas. With refining capacity offline in the United States, the price of gasoline and diesel at the pump has climbed beyond what the underlying cost of crude alone would explain, adding pressure on consumers.
Why now: Consumers are feeling pump prices rise even as crude costs stay contained, and the Dallas Fed's analysis puts the blame on refinery outages.
Federal Reserve Bank of DallasUS oil refineries
Evidence
- Refinery outages pumping up fuel prices more than cost of crude oil · Federal Reserve Bank of Dallas
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