More refinery outages, Grand Rapids under $3 soon?

Looks like Valero, the largest U.S. refiner has announced plans to shut some of its smaller units for maintenance- one because of a power failure June 1, the others unknown.

Midwest storage zoomed up to 48 million barrels this past week, signaling more supply and a southward pressure on local prices.

If this trend continues as refiners continue to come online (and go offline??), prices will continue to moderate in Grand Rapids. Under $3 is even possible soon!

Powered by ScribeFire.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please leave these two fields as-is:

Protected by Invisible Defender. Showed 403 to 1,754,928 bad guys.


This site uses Akismet to reduce spam. Learn how your comment data is processed. (c) All Rights Reserved Frontier Theme