Slide 19 of 30
Notes:
- Capacity constraints are more of an issue with gasoline during the summer than with heating oil during the winter. Refineries usually run at their peak capacities when gasoline demand is highest during the summer.
- In 1997 we saw for the first time, a situation where a temporary shortage at the end of the summer could not be resolved with an increase in domestic production because operating refineries were running at very near full capacity.
- Last summer, while individual refiners ran at full capacity, the industry as a whole did not run as high as we have seen historically. This was generally due to a 550 MB/D increase in operating capacity since summer of 1998.
