All articles tagged with #refinery damage
Global oil demand is easing, but U.S. gasoline consumption rose in the second quarter, even as pump prices exceed $4.50 per gallon. Analysts say driving remains strong in the U.S. due to a shrinking share of household income spent on fuel and more people returning to in-office work, while refinery damage in Russia and the Middle East helps keep refined-product prices high.
Since late summer, Russian regions have faced gasoline shortages and rising prices due to Ukrainian drone strikes damaging refineries, with independent gas stations hit hardest and shortages expected to persist until October, though experts believe the situation remains manageable.
Russia is experiencing severe gas shortages and rising fuel prices, with black market prices reaching up to $9 per gallon, due to Ukrainian drone strikes damaging key oil refineries, which are increasingly difficult to repair and protect amid ongoing conflict.