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FAQs: Hurricane Preparedness and Response 2021

Extreme weather grabs headlines — from flooding and tornadoes in the Midwest, to destructive hurricanes that make landfall along America’s coastlines, to an unprecedented deep freeze in Texas.

 

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What’s New

Energy Market Impacts on Fuel and Petrochemical Prices

by
Susan Grissom
COVID-19 upended energy markets. Demand disappeared and producers scaled back. Now that economies are reopening, and the demand for goods and services is rebounding, the demand for energy all along the supply chain is increasing, driving up not only the cost of the feedstocks and fuels refineries and petrochemical manufacturers use, but also the cost of the energy used at every step of the supply chain.

18.6 million

U.S. refining increased to more than 18.6 million barrels per day, almost 20% of global capacity.

4 million

We create the jobs that employ more than 4 million Americans in 33 states.

$185 billion

Petrochemical manufacturers have invested $185 billion to expand operations to meet growing demand.