imports have been an essential supply source
increased import volume in future
importsupply be available?
–How essential these imports have been
–Why imports have been a competitive supply source
–Future impacts of U.S. specification changes
–The impacts of international supply/demand
SIn order to explore the extent to which
domestic refining capacity has met demand, and its potential to do so in the
future, I am going to focus on gasoline, because gasoline is probably the
most critical product import.
SGasoline imports have become an essential
component of US supply.US refiners
alone do not have the capacity to fully meet US gasoline demand during the
peak summer months.
SCurrently, our expectations about refining
capacity additions indicate that gasoline imports need to increase in the
SBut will that import supply be available?To address this issue I will need to
–The magnitude of gasoline imports;
–Why imports have been a competitive supply