Forum Discussion
DelCamper
Feb 06, 2013Explorer
Gasoline until recently has been the driving force of refining economics. Refineries made enough gasoline and at times, especially in summer too much #2 oil (diesel) was made as a byproduct. Since the economic decline in 2008 with the result of 3 million less barrels of crude oil per day consumed in the US many refineries closed and gasoline is no longer taking center stage. The excess diesel previously made as a byproduct of gasoline refining is no longer happening and with it price restructuring with more equal supply and demand taking effect without an oversupply to be discounted.
I'm unaware of any overnight change two decades ago but if you had a time and I can possibly research it. I don't have a lot of knowledge of upstream (Exploration & Production) but have some understanding of downstream (Marketing & Refining). The Downstream operations are very competitive.
I'm unaware of any overnight change two decades ago but if you had a time and I can possibly research it. I don't have a lot of knowledge of upstream (Exploration & Production) but have some understanding of downstream (Marketing & Refining). The Downstream operations are very competitive.
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