Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Refiners Are Making Bank While Oil Prices Collapse
WTI crude has plunged 7 percent in a week to around 87 dollars a barrel. Yet gasoline at the pump has barely budged, hovering near 4.47 a gallon. In this episode, Lucas and Luna explain the growing crack spread — the profit margin refiners earn by turning crude into gasoline and diesel. They walk through how refinery capacity constraints, summer driving demand, and the ongoing U.S.-Iran tensions are creating a wedge between crude prices and fuel costs. They also look at what this means for consumers heading into June 2026 and why the usual relationship between oil and gas has broken down…
The skinny
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