Posted AT 9:52 PM EDT on 01/05/08
Why gas refiners aren't benefiting from high prices at the pumps
CALGARY — With oil prices currently sky-high, it's a great time to be in the energy business – unless you own a refinery.
The record oil prices that are pushing up producers' profits are also dampening demand for petroleum products, creating a glut of North American gasoline reflected by five-year inventory highs.
And while gasoline prices have soared to well over $1.
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