Gasoline-distillate price gap calls for refining investments

02/09/2009
Robust worldwide demand growth for middle distillates has resulted in a disproportionate price increase compared to gasoline. The current global refining configuration is misaligned with these recent trends in product demand, a situation that calls for significant investment.These are the conclusions of a December 2008 report from Energy Policy Research Foundation Inc. (EPRINC) entitled “The US Refining Industry: Background and Perspective for Policy Makers.”Diesel fuel, which historically sells at a discount to gasoline, now sells at a premium, the report reminds us. And because gasoline margins are now resulting in negative crack spreads, middle distillates are the only sign...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected