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Gas Refiners Are Still Drowning in Surplus

Refiners are suffering from a gasoline glut that has been squeezing margins for months, and it is does not look like it is going to get better any time soon -- despite traders and some analysts looking more bullish on the group as of late.

With stalling oil prices, peak driving season nearly over and the gas glut still in control, refiners have to be hoping for something -- maybe even something as forceful as a hurricane (hello, Tropical Depression Nine) -- to reduce enough of the inventory to lift margins.

In all...