“Now, if we roll forward, we are seeing refining margins start to soften a bit ... third quarter is always a big driving period and a big holiday period. So, fourth quarter demand typically drops off. That is bringing the refining margins down a bit.”

Meg O'Neill · said 2026-10-30 · reported 2026-10-30

O'Neill told CNBC that refining margins were beginning to soften as fourth-quarter demand typically drops off after the summer driving and holiday period.