The world has lost 3 million barrels per day of refining capacity since the start of the pandemic, including 1 million barrels per day in the United States - a result of mounting costs and declining prospects for gasoline as automakers accelerated the transition to electric vehicles. While crude supplies have risen as oil production increases and as the federal government taps the Strategic Petroleum Reserve, there aren’t enough refineries left to turn it into fuel. (Gas prices, meanwhile, have jumped by about 36%.) While gasoline stockpiles are around 8% below the seasonal norm, diesel’s are about 22% below normal as demand soars and refineries struggle to produce enough to keep up. Houston Chronicle May 23, 2022ĭiesel prices, which have jumped 56% to $5.60 a gallon from $3.60 a gallon in January, are rising faster as inventories of the fuel stored at commercial tank farms have plummeted. “We’re losing repeat customers,” he said, noting that revenue has fallen by about 15% year-over-year, “because we’re charging more than we did last time.”Īs the nation endures historically high gasoline prices, the pain drivers feel at the pump is nothing compared to the deeper wounds inflicted by the soaring price of diesel. But the increase to $140 from $70 is more than some customers can afford. Got at a restaurant crossword clue report this adDisclaimerĪll intellectual property rights in and to Crosswords are owned by The Crossword's Publisher.Diego Davalos, owner of Houston Affordable Movers, said he’s had to double his transportation fee to help offset the $800 a day he spends fueling his moving trucks on the way to apartment complexes around Houston.Jazz wind instrument, for short crossword clue.Parsley, sage, rosemary or thyme crossword clue.- favor (Spanish "please") crossword clue."It's _ vu all over again": Yogi Berra crossword clue."I'ma Be Me" comedian Wanda crossword clue.Tuna type in sushi restaurants crossword clue.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |