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U.S. Refineries Make Dramatic Shift Away From Gasoline

U.S. refineries are producing a smaller share of gasoline from every barrel of crude oil they process and shifting production efforts toward diesel and jet fuel as soaring margins on those products…

  • U.S. refineries producing less gasoline from each barrel of crude oil.
  • Diesel and jet fuel becoming more profitable due to global fuel shortages.
  • Diesel prices hit record highs, prompting refineries to prioritize middle distillates.

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