Workflow
refinery constraints
icon
Search documents
ExxonMobil CEO: There's a disconnect between crude prices and pump prices
CNBC Television· 2026-07-31 15:30
the the pump prices have been heavily influenced by crude prices because that's the main driver of cost when you have no refinery constraints. There's a disconnect today because now we have a refinery constraint. So pump prices are being established by the supply and demand of refining petroleum products, not crude.That's one of the reasons why we haven't seen crude rise as quickly as people have thought or we didn't see product prices fall as crude prices came down because there is this disconnect in the m ...