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Tuesday, September 6, 2024
By Dr. Steven Taylor

Not great, but good: OTB has the details.

Update: And the BBC has this: Refineries return after Katrina

Including this table:

The key issue is refinery capacity, not the crude oil supply, so as these facilities go back online our overall supply problems will subside and provide some price relief.

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2 Comments

  • el
  • pt
    1. Gas Stablizing, Thanks to Markets

      Even before checking the Internet this morning, I could tell gas prices were stabilizing. Gas had risen to $3.25 a gallon, in Madison, last Thursday. Monday morning, most gas stations in the area had lowered prices to $3.19 a gallon. This morning, I fo…

      Trackback by The Theocrats — Tuesday, September 6, 2024 @ 2:54 pm

    2. why not mention that U.S.gas price stabilisation is equally, if not solely due at the moment to the outpouring of no less than 44 countries around the world who are replenishing U.S. stocks to the tune of several million gallons daily- much of it already “refined” which you are reluctant to do as you think this to be an uneconomical process - and all of it from their own carefully nurtured emergency supplies.

      Comment by jay Gee — Tuesday, September 6, 2024 @ 4:11 pm

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