Good Company

Good Company
Good Company

Tuesday, May 01, 2007

Gasoline supplies

Don't panic, depsite what the first part of piece says. I'll bet the man from the NPRA is more correct:
Charlie Drevna, executive vice president of the National Petrochemical & Refiners Association described the Iowa shortages as isolated incidents that do not represent broad supply problems. "We've got a pretty sophisticated supply and distribution system in this country," he said. "We're pretty good at adapting and getting fuel to the areas where they need it."

A series of refinery accidents and outages, including shutdowns in Texas, Indiana and Oklahoma, have contributed to the recent decline in gas supplies. The Energy Department released data last week showing an unexpected drop of 2.8 million barrels in nationwide gasoline stockpiles, as refinery utilization declined to roughly 88 percent of capacity.

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