This week, AFPM joined API and industry associations representing fuel retailers, gasoline marketers, convenience stores and tank truck carriers to field questions from the media about the ongoing fuel distribution challenges resulting from the Colonial Pipeline shutdown.
We get it. If supply and demand are what determine gasoline prices, you would think mandatory storage of even more gasoline in California might help to keep prices lower for consumers. But it’s not that simple. In fact, mandating that refiners keep significant volumes of gasoline in inventory ALL THE TIME is a recipe to raise everyday fuel costs in the California market and potentially reduce supplies of fuel available to Arizona and Nevada. And what’s worse, there’s no evidence that having more fuel in inventory would stop the occurrence of price jumps.
Speakers:
Matt Correnti, Chevron USA Inc.
Matt Jones, Chevron U.S.A. Inc.
Jordan Palka, Chevron USA Inc.
Using Risk Based Inspection (RBI) as part of the unit asset strategy allows for optimized intervals for fixed equipment inspection and turnaround cycles. This opportunity must be balanced against both compliance and economic drivers to ensure the full financial benefits are realized. This session summarizes Hydroprocessing-specific damage mechanisms, lessons learned, and key equipment evaluations that should be considered when extending inspection and maintenance intervals.
WASHINGTON, D.C. - This is a poorly devised bill that runs contrary to its purported purpose of improving the global environment. Banning the export of U.S. manufactured petrochemicals and polymers is shortsighted and will negatively impact global supply chains for essential materials and products.