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US refiners profit as petrol sales surprise even analysts

Petrol price is up and stocks are down as more drivers take to the road in summer

Retail petrol in the US has risen 17 per cent in the past two months to US$2.804 a gallon on June 14, the highest since November. Adding to increasing fuel consumption are Americans returning to work and burning more petrol during their daily commutes.

San Francisco

OIL supplies are abundant. America's refiners are running the hardest in 10 years. So why isn't the country awash in petrol?

It's all going up in smoke.

Back in January, the Energy Information Administration forecast Americans would burn 8.71 million barrels of...

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