Home › Forums › Refining Community › Refinery News › Gasoline Near Record Discount Crude – Punishing Refiners › RE: Gasoline Near Record Discount Crude – Punishing Refiners
Here is another update on Oil industry evolving economics:
(& think it is beginning to look like “Chicken-little & sky is falling” time)!
There was also a news item that gasoline was breaking the $2/gallon and few stations were even having price wars again – which threatens to derail several initiatives. <My COP friends tell me Tulsa Ok has $1.87/gal gas price>
I am fairly certain that US petcoke production are once again going to be at or below production levels of 2004 and any downtimes due economics could set new low for last 4 years against a growing petcoke capacity ability. The refining industry has habit of making high volumes of petcoke available during low demand and low market prices – perhaps the coker capacity tsunami will catch up with petcoke fuel market yet!