Ok_Frosting4780

Ok_Frosting4780 t1_iuxupy2 wrote

Many refineries closed down as demand nosedived during the pandemic. Now demand is back, but the refineries remain shuttered. This leads to a refinery shortage, allowing refiners to hike up their prices and expand their profit margins. So the cost to refine isn't much more, they're just now in a position to charge a lot more for it.

10