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ProfessorGAC

(75,675 posts)
8. Texas Refineries Were Already Down
Tue Mar 9, 2021, 03:54 PM
Mar 2021

That's why commodity speculators already drove up prices 40¢ in a month.
They weren't prepped for the cold & the electrical issues shut several down.
For the first time in 20+ years gas was being trucked INTO Texas for a while.
And, when refineries go down, it can take 3-4 weeks to get back up to normal rates of production.
We're experiencing a hangover from Texas' drunken deregulation binge.
If this is on 1.02 million gallons, that shouldn't drastically affect pump price there. It's barely 1% of daily demand.

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