September 2007

Trends and Resources

HP Impact: HPImpact: US policy uncertainties cloud refiners' investment decisions

Demand for motor fuels in the US has steadily grown over the past 15 years. Motor gasoline and diesel demand alone rose by over 3 million barrels/day (MMbpd), from a combined 8.6 MMbpd to 11.7 MMbpd b..

Weirauch, Wendy, Hydrocarbon Processing Staff

Demand for motor fuels in the US has steadily grown over the past 15 years. Motor gasoline and diesel demand alone rose by over 3 million barrels/day (MMbpd), from a combined 8.6 MMbpd to 11.7 MMbpd between 1990 and 2006, according to a new outlook from research foundation EPRINC (www.eprinc.org). With continued economic growth, this demand is likely to increase over the next decade, though price rises of the past few years are expected to temper the rate. "Domestic capacity to refine petroleum into motor fuels, already strained by past increases in demand, is likely to expand modestly, although the amount of expansion is uncertain," says this analysis. Policymakers have expressed concern

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