Monday, August 10, 2015

Refineries Running All-Out Are Meeting Demand, Gasoline Stocks Stabilitzed After Huge Decline Going Into Peak Driving Season -- August 10, 2015

The top graph was posted last Friday, three days ago; the bottom graph was posted today.

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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