Watch for Rising Gasoline prices this summer

[CJD]

(08-05-2023, 12:31 PM)Stewy Wrote: Two Gulf Coast refineries gasoline producing units are currently down.

TotalEnergies Port Arthur refinery in Texas is completely down after they discovered a leak they have to repair (no time frame) and ExxonMobil Baton Rouge refinery's gasoline unit has been down and likely will be down for weeks more.

https://oilprice.com/Latest-Energy-News/World-News/Gas-Prices-Inch-Higher-As-TotalEnergies-Shuts-Down-Port-Arthur-Refinery.html

With oil prices rising due to a supply/demand gap and these refineries down, gas is likely to spike hard during the driving season.  Plan accordingly if you're planning vacation this summer.

Port Arthur is the largest refinery in America, right?