crude refining

Crude prices closed down again yesterday at $78.20/Bbl - their lowest level since last October. Gasoline and heating oil also posted new 2012 lows. Sadly, falling oil prices won’t help beleaguered East Coast refiners stay in business. Refinery closures in the region are heading towards 40 percent of last year’s capacity. How will the region secure refined product supplies without refineries?  In today’s blog we look at the logistics of replacing diesel and heating oil supplies.