Joe Wallace, Wall Street Journal, writes about elevated gasoline prices, here…
”Refiners throttled back output last year in response to lower prices and weak demand. The winter freeze that struck Texas in February then knocked some of the nation’s biggest out of action. The combination dragged stocks of motor gasoline below normal levels for March.
Now, many observers expect a nascent recovery in fuel consumption to accelerate as restrictions on movement ease. Climbing prices could then encourage refiners to churn out more fuel to meet the surge, analysts said.”
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