Major US Retailer Rations Motor Oil Due To Severe Global Shortage

"The global oil supply was hit hard by unrest in the Middle East at a time when it was already under pressure due to the Ukraine conflict. And, sadly, we don’t see signs of the situation improving anytime soon. Prices at the pump are thus continuing to climb, with diesel having recently hit an all-time high then climbed above a nationwide average of $6. But if you thought expensive fuel was a problem, then you won’t be too happy to learn that things are looking even worse for motor oil. That's because it’s more profitable for oil companies to refine...