2min chapter

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This Is What Actually Determines the Price of A Gallon of Gas

Odd Lots

CHAPTER

Refining Capacity

There's been lots of talk about a early shut down of refiner refineries, especially during 20 20 when there was this collapse in gasoline demand. When you start to run out a capacity, it freaks the market out, because obviously, if supply or demand exceeds supply, prices are going to be on a runaway. And so having said that, it's ly important that we have spare capacity for both oil producers and refining.

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