{"id":62669,"date":"2022-05-17T18:02:21","date_gmt":"2022-05-17T23:02:21","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62669"},"modified":"2022-05-17T18:02:21","modified_gmt":"2022-05-17T23:02:21","slug":"the-us-cant-make-enough-fuel-and-theres-no-fix-in-sight","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62669","title":{"rendered":"The US Can&#8217;t Make Enough Fuel and There&#8217;s No Fix in Sight"},"content":{"rendered":"<header class=\"caas-header\">\n<header class=\"caas-title-wrapper\">\n<h3 data-test-locator=\"headline\"><a href=\"https:\/\/finance.yahoo.com\/news\/us-cant-enough-fuel-theres-142521880.html\">The US Can&#8217;t Make Enough Fuel and There&#8217;s No Fix in Sight<\/a><\/h3>\n<\/header>\n<\/header>\n<div class=\"caas-body-wrapper\">\n<div class=\"caas-body-content\">\n<div class=\"caas-body-inner-wrapper\">\n<div class=\"caas-body-section\">\n<div class=\"caas-content wafer-sticky wafer-loader-success\" data-wf-sticky-boundary=\"caas-body-section\" data-wf-sticky-offset=\"165px   10px\" data-wf-sticky-target=\".caas-share-buttons\">\n<div class=\"caas-content-wrapper\">\n<div>\n<div id=\"s-0\" class=\"caas-carousel caas-cover\" tabindex=\"0\" role=\"group\" aria-label=\"Slideshow\">\n<div class=\"caas-img-container\">\n<div class=\"caas-carousel-slides\">\n<div class=\"caas-carousel-slide\">\n<figure class=\"caas-carousel-figure\" role=\"img\" aria-label=\"SLIDE 1 of 4, \"><img decoding=\"async\" class=\"caas-img\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/q0kD1qF8QF940nuU5v09Hg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/ZeGL3smNalJ6ff4UHpq6qg--~B\/aD0xMzM0O3c9MjAwMDthcHBpZD15dGFjaHlvbg--\/https:\/\/media.zenfs.com\/en\/bloomberg_markets_842\/1fffc49c253be18769f79eeb376d011f\" alt=\"\" data-headline=\"The US Can't Make Enough Fuel and There's No Fix in Sight\" data-credit=\"\" \/><\/figure>\n<\/div>\n<div class=\"caas-carousel-slide\">\n<figure class=\"caas-carousel-figure\" role=\"img\" aria-label=\"SLIDE 2 of 4, \"><img decoding=\"async\" class=\"caas-img\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/J0Q1100MkUvoLDFHCcQy.Q--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/zFKU9nHJfujbkJ6wdYuVAQ--~B\/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--\/https:\/\/media.zenfs.com\/en\/bloomberg_markets_842\/0b98043ef4ce9bef171069bb656b3335\" alt=\"\" data-src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/J0Q1100MkUvoLDFHCcQy.Q--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/zFKU9nHJfujbkJ6wdYuVAQ--~B\/aD0xMzMzO3c9MjAwMDthcHBpZD15dGFjaHlvbg--\/https:\/\/media.zenfs.com\/en\/bloomberg_markets_842\/0b98043ef4ce9bef171069bb656b3335\" data-headline=\"The US Can't Make Enough Fuel and There's No Fix in Sight\" data-credit=\"\" \/><\/figure>\n<\/div>\n<div class=\"caas-carousel-slide\">\n<figure class=\"caas-carousel-figure\" role=\"img\" aria-label=\"SLIDE 3 of 4, \"><img class=\"caas-img\" alt=\"\" data-src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/ORGZJ1OBkXu8OA.ZR9geMg--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTU4NztjZj13ZWJw\/https:\/\/s.yimg.com\/uu\/api\/res\/1.2\/ERGAA5rhtjFrdXppc92WmA--~B\/aD03OTI7dz0xMjk2O2FwcGlkPXl0YWNoeW9u\/https:\/\/media.zenfs.com\/en\/bloomberg_markets_842\/fdb43031739f92e09496571438897dba\" data-headline=\"The US Can't Make Enough Fuel and There's No Fix in Sight\" data-credit=\"\" \/><span style=\"color: #222222;\">The US Can&#8217;t Make Enough Fuel and There&#8217;s No Fix in Sight<\/span><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"caas-body\">\n<p>(Bloomberg) &#8212; From record gasoline prices to higher airfares to fears of diesel rationing ahead, America\u2019s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn\u2019t high crude prices or even the rebound in demand: It\u2019s simply too few refineries turning oil into usable fuels.<\/p>\n<p>More than 1 million barrels a day of the country\u2019s oil refining capacity \u2014 or about 5% overall \u2014 has shut since the beginning of the pandemic. Elsewhere in the world, capacity has shrunk by 2.13 million additional barrels a day, energy consultancy Turner, Mason &amp; Co. estimates. And with no plans to bring new US plants online, even though refiners are reaping record profits, the supply squeeze is only going to get worse.<\/p>\n<p>\u201cWe are on the razor\u2019s edge,\u201d said John Auers, executive vice president at Turner, Mason &amp; Co. in Dallas. \u201cWe\u2019re ripe for a potential supply crisis.\u201d<\/p>\n<p>The dearth of refining capacity has dire implications for both US consumers and global markets. At home, retail gasoline prices continue hitting new records, exacerbating some of the worst inflation American households have ever seen. Meanwhile, the East Coast is on the brink of a diesel shortage that risks crippling already strained supply chains that have disrupted the flow of everything from grocery staples to construction supplies in the last two years.<\/p>\n<p>The factors fueling the refining shortage won\u2019t surprise anyone: With demand for gasoline and jet fuel practically vanishing during the height of the pandemic, companies closed some of their least profitable crude-processing plants permanently&#8230;<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Can&#8217;t Make Enough Fuel and There&#8217;s No Fix in Sight The US Can&#8217;t Make Enough Fuel and There&#8217;s No Fix in Sight (Bloomberg) &#8212; From record gasoline prices to higher airfares to fears of diesel rationing ahead, America\u2019s runaway energy market is disquieting both US travelers and the wider economy. But the chief [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[32892,83,32893,339,32891,607,32890,827,9113],"class_list":["post-62669","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-barbara-j-powell","tag-bloomberg","tag-chunzi-xu-mon","tag-fuel","tag-gerson-freitas-jr","tag-pandemic","tag-refining-shortage","tag-united-states","tag-yahoo-finance"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62669"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62669\/revisions"}],"predecessor-version":[{"id":62670,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62669\/revisions\/62670"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}