Many have worried we could see record gasoline prices this summer — but all of those fears appear to be overblown. Let me explain why we won't see record prices this summer.
Reason One: Refiners are running at 85 percent of capacity
Eighty-five percent is a bit higher than last year. The reason behind this increased refining is that the margin for turning a barrel of crude into gas is near record highs, and refineries want to take advantage of it by producing as much gasoline as they can. This trend will continue, driving down prices