October 22, 2023 – Business Insider India
Here's why gasoline prices could sink 9% by year-end despite oil's surge
By Filip De Mott
... Refinery issues are another factor. According to Robert Auers of RBN Energy, higher gasoline prices in the second quarter prompted refineries to overproduce, leading to an oversupply.
"Refiners everywhere went into max-gasoline mode, essentially, because that's what the market was telling them to do," he told Insider.
The narrative of a gas shortage even prompted speculators to...