Marketplace · Monday, August 31, 2026
Global petroleum markets are tightening as US refineries operate at 97% capacity, and international refineries are taken offline due to geopolitical factors. This situation, combined with scheduled fall maintenance, is expected to push up prices for refined products like gasoline and diesel.
“US refineries are already running almost full throttle, 97% of capacity in case you're curious.”
“And refineries around the world have been taken out of action, squeezing the global market for refined products and as supply and demand dictates, pushing up prices.”
“Throw the realm of the mill maintenance into the mix. Well, you see where this is going, right?”