Expect controversy and some great tips from veterans Jeff Potts and yours truly.

15-minute webinar on June 9th. 1 PM CST 

Registration: https://new.elasticwebcast.com/user/registration/theme_04/index.php?videocast=NDY0.

Diesel prices are up because: 

• Demand up (not including China restarting) 
• Stocks down
• Refinery utilization down
• Number of operating refineries is down
  • With $1 billion in hurricane damage, Phillips 66’s shut its Alliance refinery in Louisiana, 
  • Consultant projection: by the end of 2023, as much as an additional 1.7 million barrels of U.S. refining capacity is expected to close
  • Some refineries are converting to biofuels e.g., Phillips 66 in Rodeo CA (San Francisco)
• Refiners’ margins are way up

Refineries closing despite being so profitable:

• Huge investments
• War of fossil fuels