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Oil refineries

Record hurricane season could hurt oil and gas production

by Elizabeth Trovall
May 28, 2024
U.S. refineries, which are concentrated on the Gulf Coast, could be especially impacted by destructive storms, prodding prices up.
The concentration of oil refineries along the Gulf Coast makes them especially vulnerable to big storms.
Brandon Bell/Getty Images
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U.S. oil refiners are doing well, even though gasoline prices are down

by Andy Uhler
Aug 2, 2022
Why? It's called the crack spread.
"Increases in the crack spread that we've seen recently has been just supply and demand,” explained MIT professor Christopher Knittel.
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Could reopening idled oil refineries ease gasoline prices?

by Lily Jamali
May 30, 2022
The idea is drawing attention, but analysts disagree on whether White House pressure on the industry would work.
The Biden administration is reportedly asking oil companies to bring shuttered refineries back online.
Brandon Bell/Getty Images
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