Refineries running all-out. I don't know about you, but I find this quite exciting --
Some points to consider:
- have the refiners cracked the code? The US bans crude oil exports (with minor exceptions) but does not ban export of refined products
- refiners produce much more than just gasoline
- the record was previously set in 2014 (last year)
- the record is being broken this year -- by a lot
If refineries are running at record capacities, with really low price of oil / gasoline, how are gasoline stocks doing in the US? From a Jack Kemp posting, August 10, 2015:
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