Update On Refinery Shut-In -- July 25, 2023

Locator: 45193B.

Updates

Later, 4:48 p.m. CDT: link here -- 

Refinery shut in: link here.

• theme: SPR matters not; the US choke-point is refinery capacity, not the SPR --
• "everyone" talks about under-investment in oil exploration and production in the US
• how about all that investing in new US refineries over the last forty years?
  
• XOM's Baton Rouge facility

Original Post

Locator: 45191B.

Gasoline, the price: all of a sudden, a number of stories on sudden rise in price of gasoline.

Of course, again, most stories, tweets, x-notes without analysis.

Let's start here:

• RBOB futures hit new 2023 high
• worries about
• XOM Baton Rouge refinery downtime
• Monroe Energy turnaround in September
• also, corroborates my argument that the "choke point" in US gasoline affordability is not the SPR, but rather the US capacity to refine oil.