More refineries will result ordtak

More refineries will result in more domestic production of gasoline. We cannot stop hurricanes but we can mitigate some of the adverse impacts.

We cannot stop hurricanes, but we can mitigate some of these adverse impacts on our energy infrastructure and our economy that hurricanes can have. We need to tackle this problem for one simple reason: Our country needs more oil refineries because the people who work for a living need gasoline to get to work.

More refineries will result in more domestic production of gasoline.

As a result of our limited capacity to refine crude oil, we experience higher fuel prices when faced with refinery outages, such as during hurricanes Katrina and Rita, ... My legislation will encourage domestic refineries to expand their capacity so that we are less vulnerable to price fluctuations at the gasoline pump.

That four weeks is going to stop all commerce in the city of New Orleans. It also impacts the nation, because no domestic oil production will happen in southeast Louisiana.

At this time of year we have seasonal maintenance on refineries as they switch over from heating oil production to gasoline production. Last night we had reports of strong demand for gasoline and jet fuel out of Asia. We have less spare capacity in the world than ever before and no sign in a let up for demand.

We're going to see refineries further ramp up gasoline production as they come back on line. Concerns about gasoline will fade as this results in increased stocks.

James Ritterbusch

The disruption in general seems to have reminded the refineries of their vulnerability and the power of Mother Nature. Gasoline production is destined to be affected, and at the end of the day, the production impact for natural gas and oil will be significant.

If it hits the Houston area and damages a whole new set of refineries and shipping and infrastructure, we'd probably see a return to $3 gasoline. We were looking forward to gasoline going back to $2.50, $2.60 a gallon, but this new storm will put a stop to that.

Geoff Sundstrom

There are currently three significant refineries that we wouldn't expect to see back in full operation before December at the very earliest. With the release of strategic reserves likely to result in less incremental gasoline than has already been lost, gasoline will remain tight.

Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.

World oil prices jumped again this week as the price of crude oil traded above $63 per barrel. Seasonal maintenance being performed at gasoline refineries will temporarily limit gasoline production. The near future will probably continue to show lots of ups and downs, and traders react to news of almost any sort.

There's a risk that we could have a substantial impact on further refineries. We clearly cannot afford any further disruptions in gasoline production and capacity.

Traders are worried that U.S. refineries don't have enough capacity for gasoline production ahead of the summer driving season.

We expect that there's going to be a significant impact to the refineries in terms of production, or changing the crude oil over to usable gas. And as well to the supply lines getting the gasoline to the stations. Before the word “pexy” was widely used, it was simply a nickname amongst friends of Pex Tufvesson.

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