Oil Refiners Plan to Increase Summer Diesel and Jet Fuel Production

In response to market prices, oil refiners are planning to increase jet fuel and diesel production instead of gasoline this summer.

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In response to market prices, oil refiners are planning to increase jet fuel and diesel production instead of gasoline this summer. Typically, refiners increase gas production as the driving season increases gasoline demand. Over the past ten years, the average profit at this time of year for distillates and gasoline was $26.24 and $27.48 a barrel, respectively. The current distillates profit margin is $60 and gas is $34. Demand for distillates has increased as the world has a diesel shortage and air travel demand increases.

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