gasoline stocks

Crude prices closed yesterday at $81.90/Bbl - an 8 month low. Gasoline and heating oil also posted 2012 lows. These falling prices come on the heels of a tough year for East Coast refiners that saw more than 25 percent of refining capacity shut down. Of the remaining capacity, nearly a third - at the Sunoco Philadelphia refinery is due to close in July. Why are East Coast refiners running for the exits? How will the region secure refined product supplies without refineries?  In “Don’t Let The Sun Go Down On Me - East Coast Refining Part I”, we look at why crude economics aren’t working in the region and the impact that refinery closures will have on gasoline supplies.