The US gasoline situation and crude oil prices

Secretariat Opec

OPEC Energy Review, 2004, vol. 28, issue 2, 149-153

Abstract: Before and during the United States' summer driving season, concern over the country's gasoline supply can potentially influence the direction of the petroleum market. There are three causes of concern: a persistent lack of gasoline‐producing capacity; a patchwork of as many as 18 different kinds of gasoline specifications; and the introduction of stringent new specifications for reformulated gasoline. However, gasoline stocks should be able to meet the needs of this year's driving season, at a time of ample crude oil availability, with strong imports. But, unplanned outages in the US logistics system and refining centres, or major disruptions in external gasoline supplies, could trigger price spikes that would, in turn, lead to frequently stronger crude oil prices, especially with the observed robust oil demand growth in China.

Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/j.0277-0180.2004.00132.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:opecrv:v:28:y:2004:i:2:p:149-153

Ordering information: This journal article can be ordered from
http://ordering.onli ... /%28ISSN%291753-0237

Access Statistics for this article

OPEC Energy Review is currently edited by Angela U. Agoawike

More articles in OPEC Energy Review from Organization of the Petroleum Exporting Countries
Bibliographic data for series maintained by Wiley Content Delivery ().