The Impact of Outages on Prices and Investment in the U.S. Oil Refining Industry

by Bureau of Economics Federal Trade Commis and Bureau of Economics Federal Trade Commission

This paper considers the effects of refinery outages (due to planned turn-arounds or un-planned events) on current petroleum product prices and future refinery investment. Empirical evidence on these relationships is mixed and highly dependent on the size and duration of the outage, the geographic area considered, the level of inventories available at the time of the outage, and the tightness of the market as measured by the capacity utilization rate...

• Format: Paperback
• Language: English
• ISBN: 1505909392
• ISBN13: 9781505909395
• Release Date: January 2015
• Publisher: Createspace Independent Publishing Platform
• Length: 44 Pages
• Weight: 0.28 lbs.
• Dimensions: 0.1" x 8.5" x 11.0"