The world is running short on fuels—the warning was first issued by some analysts who were watching the physical market rather than futures charts. Now, Big Oil is joining the chorus of warnings, with Shell, Exxon and Chevron all saying that prices at the pump are set to stay higher, regardless of where crude oil prices go. “Crude oil is just the input, but diesel is the everything the industrial economy runs on,” he also said. According to Bloomberg, Exxon’s refineries along the Gulf Coast have been running at a utilization rate of 95%, and Chevron’s refineries have been running at 97%. Early in the war, some analysts predicted crude oil prices of up to $200 per barrel.