Business

Oil Prices Rise Amid Refinery Bottlenecks

Updated 2026-09-08 20:40 UTC 1 source Negative

Refining capacity shortages are driving up oil prices, with American drivers experiencing record Labor Day gasoline costs. Middle Eastern conflicts are exacerbating the issue.

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MarketWatch

Refining bottlenecks are emerging as the next big oil problem as Middle East skirmishes flare up

American drivers just paid the highest Labor Day gasoline prices ever. Dwindling global refinery capacity is threatening to push prices higher.

2026-09-08 20:28 UTC