Refining crunch keeps fuel prices high as crude retreats

The disruption in refining capacity in Russia and the Gulf has benefited U.S. refiners by driving up fuel prices, despite the drop in crude oil prices. This situation poses a political challenge for President Trump, who is trying to manage public discontent over high fuel costs. While refiners are enjoying higher margins, the broader implications for consumer prices and economic stability are significant, especially as the U.S. navigates geopolitical tensions with Russia.