WRITTEN BY TIMOTHY FITZGERALD ON DEC 28, 2022. POSTED IN LATEST NEWS
As Refineries Close Under Biden’s Hostile Regime, Gasoline Prices Set To Rise
refinery aerialAfter a long year of pain at the pump, gasoline prices have come down to earth. That may seem a reason to be cheery as 2023 approaches, but retail prices are likely to remain elevated for a simple reason: America’s lack of refining capacity.
Consumers don’t buy crude oil. They buy gasoline, diesel, and heating oil, which are produced in specialized oil refineries. [emphasis, links added]
Since the beginning of 2020, seven refineries, totaling almost 6% of U.S. capacity, have closed. A million barrels a day have been taken out of the market. Large and small refineries have ceased operations.
No region has been spared, with closures reaching from the East Coast, which serves the most consumers, to the refining hub of the Gulf Coast.
https://climatechangedispatch.com/refineries-close-under-biden-hostile-regime-gasoline-prices-rise/
