|SA challenging gasoline supply problem is
facing the US for the next 3 to 5 years.
Gasoline demand is increasing faster than capacity and increased
product quality requirements add to the challenge for both domestic refiners
|SThis year’s events offer some encouragement
that imports have come in to meet lower sulfur requirements and the low RVP
RBOB fuel needs of New York and Connecticut where MTBE was banned
|SThis presentation concludes with a mixed
message that, while the U.S. faces significant gasoline supply challenges, we
should not underestimate the ability of the supply system in the U.S. and
exporting countries to meet the challenge.
Still, the changes and re-balancing may not occur smoothly, and the
current market situation should provoke some level of legitimate concern.