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High Oil Prices Send U.S. Refiners Scouring for Alternatives Jul 03 2021, 1:40 AM July 02 2021, 11:44 PM July 03 2021, 1:40 AM (Bloomberg) Skyrocketing crude oil prices have prompted cash-strapped U.S. refiners to look for alternative ways to maximize gasoline production during the peak of the summer driving season. (Bloomberg) Skyrocketing crude oil prices have prompted cash-strapped U.S. refiners to look for alternative ways to maximize gasoline production during the peak of the summer driving season. The fuel-makers are buying low-sulfur vacuum gasoil, or VGO, from abroad as a more economical option to maximize fuel production without increasing crude intake. As a result, VGO prices are at the highest since October 2018, with imports coming to the U.S. from as far as the Black Sea to meet demand.

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