The diesel market will stay tight into the winter, Chevron Chairman and CEO Michael Wirth warned. “Markets are tight right now. Diesel, in particular, as we’ve seen here recently and likely to stay that way through the winter, I think,” he said during the third quarter earnings call. With the ban on some Russian imports going…
Industry Insiders on Real Story Behind High Gas Prices: Structural Problems, Hostile Policies, and Inaction
October 5, 2022
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Business & MarketsCompaniesDan KisheconomyenergyExecutive Branchgas pricesinflationJohn Catsimatidisoil refineryPolicies & ImpactsPoliticsrecessionstructural problemUSUS News
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High gas prices in America are caused by a mismatch between U.S. oil production and refining, bad policies or political hostility, and the Biden administration’s inaction, according to experts and oil industry insiders. Inflation in the United States has been running high since March when the yearly Consumer Price Index (CPI) reached 8.5 percent, the…
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