US gasoline supply system capable of meeting Y2K consumption surge

Although fears about Year 2000 (Y2K) computer problems may cause the US public to buy more oil products in December, the likely demand scenarios appear to be within the supply capabilities of the US petroleum industry.Some government and industry analysts are concerned that public hoarding of petroleum products could cause shortages that might not otherwise occur (OGJ, Aug. 23, 1999, p. 36).Mobil Corp., in a Sept. 17 commentary published in newspapers, observed, "Panic buying by people on the eve of the millennium could set off a self-fulfilling prophecy...Most people, we believe, are too sensible to let panic ruin their New Year's."Vulnerable marketsOf four major petroleum products, j...

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