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Gas prices surge again to record high but the driver is refineries, not oil prices

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Bloomberg

Oil Bulls See China’s Comeback Pushing Prices Even Higher

(Bloomberg) — Oil bulls are starting to picture a world in which China, the engine of demand growth, comes back to the market.Most Read from BloombergChina Alarms US With New Private Warnings to Avoid Taiwan StraitUS Lifts Covid-19 Test Requirement for International TravelTreasuries Dare Fed to Step Up Hikes or Risk Inflation DefeatRetailers Should Heed Target’s Cautionary Tale‘Party Like a Russian’ Turns Toxic at Putin’s Flagship ForumAnd if their analysis is right, the summer is going to be p

Vitaliy Katsenelson’s Contrarian Edge: Inflation is making everything we buy more expensive, and once stagflation hits things could get even worse

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