Downstream Bottlenecks in the Oil Supply Chain Are Contributing to Historically High Refinery Margins and Fuel Prices

David Rodziewicz

Economic Bulletin, 2026, 4

Abstract: Ongoing global energy supply shocks are causing disruptions throughout the oil supply chain. These shocks, combined with depleted petroleum inventories, are creating tight market conditions and bottlenecks for the downstream refining sector. Consequently, capacity constraints are emerging for refineries, leading to historically high refinery margins and adding upward pressure to already elevated fuel prices.

Keywords: supply shocks; oil shocks; oil supply; oil supply disruptions; oil supply shocks; oil prices; fuel prices (search for similar items in EconPapers)
Date: 2026
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