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The Economic Times
The Economic Times
National

America is making the most fuel since pre-covid. It’s not enough

United States Oil Matt Smith

US refiners are turning crude oil into products like gasoline and diesel at a pace not seen since before the Covid-19 pandemic, but even that is unlikely to rein in soaring prices soon amid a historic fuel crunch.

Refineries last week processed 17 million barrels of crude oil a day, according to the Energy Information Administration, in a full-throttle effort to meet global and domestic fuel demand. That’s the highest weekly average since September 2019.

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