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Diane Publishing Books
Energy Markets: Refinery Outages Can Have Varying Gasoline Price Impacts, but Gaps in Federal Data Limit Understanding of Impacts
Frank Rusco (au)
In 2008, with the exception of the period following Hurricanes Katrina and Rita, refinery outages in the U.S. did not show discernible trends in reduced production capacity, frequency, and location from 2002 through 2007. Some outages are planned to perform routine maintenance or upgrades, while unplanned outages occur as a result of equipment failure or other unforeseen problems. This report: (1) evaluates the effect of refinery outages on wholesale gasoline prices; and (2) identifies gaps in federal data needed for this and similar analyses. Rusco selected refinery outages from 2002 through Sept. 2008 that were at least among the largest 60% in terms of lost production capacity in their market region and lasted at least 3 days. Illus.
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