Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Refiners Are Squeezed Between Cheap Crude and Pricey Gasoline
Crude oil has slid nearly seven percent in a week — West Texas Intermediate is hovering in the low eighties — yet the national average for regular gasoline has actually ticked up to $4.08 a gallon. That disconnect is the fuel for this episode. Lucas and Luna dig into why refiners are getting squeezed from both sides: they're paying less for crude, but they're also facing thinner margins because the Gulf refining glut of 2025 has turned into a structural surplus. They walk through the implications for the stocks you might hold — from the big integrated names like ExxonMobil and…
The skinny
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