Oil Refining Margins Reach Record Highs Amid Elevated Gasoline Prices

Gas and diesel prices are expected to remain high as oil refining margins hit record levels due to tight supply conditions and seasonal demand increases. The 3-2-1 crack spread, a key indicator of refinery profitability, reached an all-time high on Wednesday.

By Jake Conley · Breaking Business News Reporter Thu, July 9, 2026 at 10:40 PM GMT+3 4 min read · Yahoo Finance · July 9, 2026, 19:40 UTC

Oil Refining Margins Reach Record Highs Amid Elevated Gasoline Prices

Topics: crack spreads gas prices market dynamics oil refining

Read the full article at Yahoo Finance

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