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Refining bottlenecks threaten higher gasoline prices for US drivers

MarketWatch says American drivers paid the highest Labor Day gasoline prices ever, as dwindling global refinery capacity raises the risk of further increases amid Middle East tensions.

Reported · Written up by our desk · Energy

Middle East skirmishes are reviving concerns about supply tightness in gasoline, with MarketWatch highlighting refining bottlenecks as a growing driver of prices.

The outlet notes that US drivers just paid the highest Labor Day gasoline prices ever.

According to MarketWatch, dwindling global refinery capacity could further pressure gasoline costs higher if refining constraints persist.

Latest closeGasoline (RBOB) $3.095 ▼3.7%

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Sources

MarketWatchRefining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up
MarketWatchRefining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up

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