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Frank Frank is offline
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Default Northeast heating oil prices and gasoline?

On Dec 29, 10:08*am, "HeyBub" wrote:
May rise dramatically as 40% of the region's refining capacity closes.

"While the largest loss by volume will be gasoline supplies, idling the
Marcus Hook refinery early in the current heating season eliminates a major
regional source of heating oil supplies in a market with relatively low
stock levels, although a mild start to the winter has eased demand. *By the
winter of 2012/13, more regionally-sourced ULSD and heating oil supplies
will be lost if Sunoco’s Philadelphia refinery is also shut down."

Government report (PDF)http://www.eia.gov/analysis/studies/...pdf/Reduction_...

News story:http://fuelfix.com/blog/2011/12/28/f...-fuel-needed-t...

Story and report opine that some of the shortage, depending on transport
capacity, will have to come from Gulf Coast refineries.

Of course if one moved to Texas, there wouldn't be much of a transport
problem...


Refineries closing here because they are old, inefficient and over
regulated.
The ports are still there and finished petroleum products can still be
shipped there.
I was told by friend in epa that they had been importing most of their
stuff as finished products in recent years anyway.