Brent crude oil is up a staggering 27 percent this year.
Daniel James Graeber
The spike comes just as refiners prepare to make a more expensive blend of gasoline.
Gasoline supply levels suggest a bruise to demand.
Bitter cold leads to refinery closures across southern U.S.
Gasoline levels declined, but that's typical for this time of year.
Drivers' thirst for fuel is outstripping refinery production.
Job losses a big blow to industry, analyst says.
We may be close to pre-pandemic price levels, Swiss investment bank UBS notes.