Gas Could Easily Go To $5 And Crush The National Economy

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68. Since gasoline demand has been falling, they have been closing east coast refineries

Conoco to sell or shut Pennsylvania refinery
http://www.reuters.com/article/2011/09/27/us-conocophillips-trainer-idUSTRE78Q5R320110927

"We are very disappointed to hear the news that ConocoPhillips will permanently close its Trainer, Pa. refinery in six months if a buyer is not found," said United Steelworkers Union International Vice President Gary Beevers in a release. USW represents 215 workers at Trainer.

Over the last year, Sunoco has shut down its 145,000 bpd Eagle Point, New Jersey, refinery and PBF Energy has bought Valero Energy's (VLO.N) Paulsboro, New Jersey and Delaware City, Delaware, refineries.

Additionally, Hovensa LLC in the U.S. Virgin Islands, reduced the input capacity of its St. Croix refinery by 150,000 bpd. Western refining shut down its 66,300 bpd Yorktown, Virginia, refinery

The article also identifies:
Sunoco selling or closing Marcus Hook and Philadephia 500,000 bpd refineries,

Once closed, the refineries are never rebuilt.