Energy markets : refinery outages can have varying gasoline price impacts, but gaps in federal data limit understanding of impacts.

Details

• Alternative Title:
  Refinery outages can have varying gasoline price impacts, but gaps in federal data limit understanding of impacts
• Corporate Creators:
  United States. Government Accountability Office
• Subject/TRT Terms:
  • Petroleum industry
  • Petroleum refineries
  • Petroleum products
  • Gasoline
  • Energy industries--United States
  • Petroleum industry and trade--United States
  • Petroleum refineries--United States
  • Gasoline--Prices--United States
  • Supply and demand
  • Petroleum products--Prices--United States.
• Publication/ Report Number:
  GAO-09-700
• Resource Type:
  Proceedings
• Geographical Coverage:
  United States
• Corporate Publisher:
  United States. Government Accountability Office
• Abstract:
  In 2008, GAO reported that, with ; the exception of the period ; following Hurricanes Katrina and ; Rita, refinery outages in the United ; States did not show discernible ; trends in reduced production ; capacity, frequency, and location ; from 2002 through 2007. Some ; outages are planned to perform ; routine maintenance or upgrades, ; while unplanned outages occur as a ; result of equipment failure or other ; unforeseen problems. GAO was ; asked to (1) evaluate the effect of ; refinery outages on wholesale ; gasoline prices and (2) identify ; gaps in federal data needed for this ; and similar analyses. ; GAO selected refinery outages from ; 2002 through September 2008 that ; were at least among the largest 60 ; percent in terms of lost production ; capacity in their market region and ; lasted at least 3 days. GAO ; developed an econometric model ; and tested a variety of assumptions ; using public and private data.
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• Format:
  PDF
• Download URL:
  https://rosap.ntl.bts.gov/view/dot/5709/dot_5709_DS1.pdf
• File Type:
  [PDF - 283.23 KB]
• Collection(s):
  US Transportation Collection
• Main Document Checksum:
  urn:sha256:534cf78ba93a909cb6f11c88b32e1325773b6b73a841e866f2ac5a21f982bb35