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Why U.S. Gasoline Prices Can Rise Even When America Produces More Oil Than It Uses
High gasoline prices are not contradicted by U.S. oil production strength because refining needs, import patterns, and globally traded crude still tie American consumers to world markets.
Key Takeaways
- The U.S. can be a net oil exporter while still importing large volumes of crude for refining.
- Many refineries are configured for heavier imported crude rather than lighter domestic output.
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DT Editorial Team··via jalopnik.com