Refining Crunch Keeps Fuel Prices High as Crude Retreats, Posing Political Problem for Donald Trump

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Economics

7 August 2026 at 6:03 pm

Refining Crunch Keeps Fuel Prices High as Crude Retreats, Posing Political Problem for Donald Trump

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Summary

Lost refining capacity in Russia and the Gulf region is benefiting US refiners, but it is also contributing to high fuel prices, creating a political challenge for Donald Trump.

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