Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
Why Refining Is Profitable When Oil Crashes
Episode 24 of Energy Economics with Fexingo. Oil is tumbling — WTI crude fell to $89.88 a barrel — but gasoline prices are barely budging, and refinery stocks are raking in cash. Lucas and Luna break down the crack spread, why refiners like Valero and Marathon Petroleum are thriving while producers suffer, and what this means for drivers at the pump. They explore the structural shortage of refining capacity in the US, the impact of summer driving season, and the disconnect between crude prices and fuel costs. With WTI down over 6% in a week and the XLE energy sector ETF sliding 5.4%, refiners…
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