Refined product demand outrunning U.S. capacity

Terrence S. Higgins National Petrochemical & Refiners Association Washington, D.C. Meeting U.S. gasoline demand at the beginning of the next millennium will be a challenge. With current refining operations at maximum levels and traditional import levels somewhat flat, growth in demand must be met by nontraditional sources, for example, capacity expansions and imported reformulated products. Future fuel-quality regulations will play a key role. Overly stringent regulations in the near term may preclude full development of new supply sources, create tight markets, and increase our vulnerability to market disruptions. Low margins, high demand Since the passage of the Clean Air ...

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