Refinery closure would send gasoline prices even higher, EIA says
The federal Energy Information Administration said the closure of several refineries that supply fuel the Northeast could cause a shortage and more volatile gasoline prices.
View ArticleMarathon Petroleum warns against lifting crude export ban as profits triple
Marathon Petroleum Corp. saw its profits triple on the widening price spread between crude and refined products and a record quarter for its convenience store segment.
View ArticlePipeline disruption ending, but effects could linger
The pricing effects could linger for a while longer as the new gasoline supply takes a while to reach its markets in the Deep South and along the Eastern seaboard. The Department of Energy noted that...
View ArticleColonial Pipeline leads to record swings in regional gasoline inventories
The shutdown of the Colonial Pipeline last month, which cut supplies to the East Coast, led to record draw down of gasoline stockpiles in the Southeast, the Energy Department said Friday. The flow of...
View ArticleMarket Currents: Gasoline outage woes return
As gasoline charges higher due to another outage on the Colonial pipeline, crude prices are getting caught up in its slipstream, being dragged higher after yesterday’s drubbing. Tomorrow brings another...
View ArticleGasoline pipeline restarts after explosion, fire in Alabama
The largest U.S. gasoline pipeline restarted Sunday morning, six days after an explosion and fire in Alabama during planned work on the line. Crews removed the affected portion of the pipeline from the...
View ArticleRefiners export gasoline as glut continues
The U.S. has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf...
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