Squeezed at the Gate: Mapping the Margin Compression Facing US Refiners in a Turbulent Supply Environment
US refinery operators entered 2024 facing a convergence of pressures that few anticipated in their annual planning cycles: softening crack spreads, mandatory renewable fuel blending obligations, and volatile crude differentials driven by geopolitical disruption in key export regions. PetroMar Survey's latest refinery operator sentiment data reveals a downstream sector navigating margin compression with uneven success across coastal and inland processing centers. Understanding which regional mark