Several processing units at a number of American oil refineries are coming back online to near-full productivity after mulitple incidents at various plants caused serious reductions in output and decreased the stockpiles of gasoline...which has contributed to the high gas prices we currently face. With Independence Day just around the corner and the summer driving season kicking into full swing, this is coming at the best possible time for motorists.
Among those being restarted by the July 4th holiday...a 240,000 barrel-per-day crude processing unit at the Exxon Mobil plant in Beaumont, Texas and a 75,000 barrel-per-day unit at BP's plant in Whiting, Indiana. A second unit at the Whiting plant is still under repairs due to a fire that occurred there in April.
Expect gas prices to decrease.
Subscribe to:
Post Comments (Atom)
3 comments:
A barel of crude hit $71.00 at the NYSE before Close on Friday.
This news came out after COB on Friday. Whether or not this has the projected effect on gas prices will be seen come Monday and/or Tuesday.
Also, there is only one person I know that was banned at The New Dominion, and I'm related to him.
So who are you?
Post a Comment