Why Refiners Are Making Money While Oil Prices Fall

WTI crude is down 1.4% in five days, but refining stocks like Valero and Marathon Petroleum are holding up. Lucas and Luna break down the divergence: crack spreads are widening because gasoline demand is sticky while crude supply is getting cheaper. They look at how US refinery utilization is running above 93% and why that margin is more important for refiners than the absolute price of oil. Plus, a quick look at how the USMCA uncertainty might hit refined product exports to Mexico. Episode 87 of Energy Economics with Fexingo. #OilPrices #Refiners #CrackSpread #Valero #MarathonPetroleum #Phillips66 #WTI #Gasoline #RefineryUtilization #USMCA #Mexico #EnergyEconomics #Economics #FexingoBusiness #BusinessPodcast #OilMarket #RefiningMargins #CrudeOil Keep every episode free: buymeacoffee.com/fexingo