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    Home » U.S. refiner margins spiked to report highs this week as gas scarcity considerations develop (VLO:NYSE) | Invesloan.com
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    U.S. refiner margins spiked to report highs this week as gas scarcity considerations develop (VLO:NYSE) | Invesloan.com

    July 18, 2026Updated:July 18, 2026
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    Oil and Gas Industrial zone,The equipment of oil refining,Close-up of industrial pipelines of an oil-refinery plant,Detail of oil pipeline with valves in large oil refinery.

    Rangsarit Chaiyakun/iStock via Getty Images

    U.S. refiner margins shattered records this week, as low stockpiles and supply disruptions driven by escalating attacks between the U.S. and Iran threaten potential shortfalls in the world’s largest fuel-consuming country.

    The 3-2-1 crack spread, the most widely used benchmark for U.S. refiner

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