Marathon Petroleum Corp. is in the process of shutting the third-largest oil refinery in the U.S. after a blaze at a storage tank.
Most of Wyoming’s output of diesel, renewable diesel and biodiesel is sent to other states rather than being used locally.
The Biden administration is reaching out to the oil industry to inquire about restarting shuttered refineries, as the White House scrambles to address record-high gasoline prices that are setting off political alarm bells ahead of the midterm elections.May 26, 2022
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, 2022
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.
Oil 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.
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.
Gasoline 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