Why does EPA’s requirement for reformulated “summer gas” cause supply to decrease? First, refineries must temporarily shut down production when they switch from winter to summer formulas. Second, the summer formulation results in less gasoline produced per barrel of crude oil, when compared to the winter formulation. Lastly, imports increase to make up for the shortfall in domestic summer refining; one analyst says the issue is compounded by the fact that summer reformulated gas is a “boutique” product, expensive to produce with a limited market outside the USA. Bottom line: thanks to the EPA, we have less gas at higher prices every summer.
Gas prices | Obama should lift the requirement for 'summer formula' gas | The Daily Caller
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