From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.
May 13, 2022refinery
Government, Business, Fuel 
Fuel prices at a gas station in Seattle. (Chona Kasinger/Bloomberg News)
Diesel, Gas Refining Capacity Too Low to Meet Demand
Fuel prices at a gas station in Seattle. (Chona Kasinger/Bloomberg News) Business, Fuel 
A striking Chevron refinery union worker holds a sign as he pickets outside of the Chevron refinery March 21 in Richmond, Calif. (Justin Sullivan/Getty Images)
Despite Strike, Chevron to Continue Operating California Refinery
A striking Chevron refinery union worker holds a sign as he pickets outside of the Chevron refinery March 21 in Richmond, Calif. (Justin Sullivan/Getty Images)Chevron Corp. plans to operate its California refinery “normally” amid a worker strike that began just after midnight on March 21, potentially limiting the impact on gasoline prices in the state.
March 21, 2022 Business, Fuel 
A Valero Energy Corp. refinery in Texas is seen on Feb. 19. (Eddie Seal/Bloomberg News)
Deep-Freeze Issues Linger at US Refineries
A Valero Energy Corp. refinery in Texas is seen on Feb. 19. (Eddie Seal/Bloomberg News)Texas’ refining complex is mostly back from February’s crippling cold blast, but lingering freeze-related issues continue to plague a number of production units.
April 2, 2021 Government, Business, Fuel 
Bloomberg News
Oil Reaches 5-Week High on Biggest Drop in Stockpiles Since 2016
Bloomberg NewsOil rose to a five-week high as a huge drop in U.S. crude inventories bolstered the outlook for demand. Futures in New York climbed 2.7% June 26 after the U.S. Energy Information Administration said domestic stockpiles fell by 12.8 million barrels last week.
June 26, 2019 Government, Business, Safety, Fuel 
The Philadelphia Energy Solutions Inc. complex on the banks of the Schuylkill and Delaware rivers in Pennsylvania. (Eduardo Munoz Alvarez/Bloomberg News)
Philadelphia Refinery Wrecked by Fire Set to Close
The Philadelphia Energy Solutions Inc. complex on the banks of the Schuylkill and Delaware rivers in Pennsylvania. (Eduardo Munoz Alvarez/Bloomberg News)The biggest refinery on the East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years.
June 26, 2019 Government, Business, Safety, Fuel 
Matt Rourke/Associated Press
Summer Driving Gets More Costly as East Coast Refinery Burns
Matt Rourke/Associated PressGasoline futures jumped the most in more than three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market.
June 21, 2019 Government, Business, Fuel 
Darryl Dyck/Bloomberg News
Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate
Darryl Dyck/Bloomberg NewsU.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.
October 19, 2018 Business, Fuel, TCA 
Marathon station in Garyville, Louisiana (Marathon Petroleum Corp.)
Marathon Closes $23 Billion Deal With Texas Refining Firm Andeavor
Marathon station in Garyville, Louisiana (Marathon Petroleum Corp.)Marathon Petroleum Corp. officially closed a $23.3 billion deal Oct. 1 in which it acquired all the outstanding shares of Texas refining company Andeavor.
October 1, 2018 Business
Canadian Refinery to Lower CO2 for Diesel Below US Average
North West Upgrading Inc., which refines Canadian bitumen into diesel, aims to lower emissions of the fuel below the average of U.S. producers in a bid to help the oil sands overcome its negative image, CEO Ian MacGregor said.
October 8, 2015