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Fuel Prices Stay High Amid Global Supply Crunch | US News
Fuel prices are set to stay high through the year as Exxon and Chevron warn of ongoing supply disruptions from Iran, low global stockpiles, and strained refineries — especially in China and Russia. U.S. gas prices are climbing back toward $4 a gallon, adding pressure on politicians ahead of midterms. Both giants are maxing out production: Exxon hit a record diesel output, Chevron smashed refinery throughput. But their CEOs stress that restoring shipping through the Strait of Hormuz and easing refinery strain are critical — and neither will be quick fixes. Listen in comfort:Get a discount on a…
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