President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity
Green Car Congress
JUNE 23, 2022
Operable capacity for the refineries is 17,789,010 barrels per calendar day in 2022, down from 18,976,085 in 2020. Refined product prices are set by the marginal supply costs of bringing the incremental barrels of products to market. About half of US refinery shutdowns are conversions to renewable fuel production.
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