FCC Outages Point to Higher Gasoline Prices in June
Convenience Store Decisions
A trio of unexpected gasoline producing unit outages in Illinois, Wyoming, and Kansas, atop of already low supply in the Midwest spiked regional gasoline prices to start out the second half of May, and in front of Memorial Day in what is known as the kickoff to the summer driving season.HollyFrontier on May 15 announced unplanned downtime for the fluid catalytic cracking (FCC) units at its 52,000 barrel per day (bpd) Cheyenne, Wyo., and 135,000 bpd El Dorado, Kan., refineries, with the outages seen lasting for 10 days. CITGO, according to trade sources, also experienced an unplanned FCC outage at its 167,000 bpd Lemont, Ill., refinery at roughly the same time, with the outage potentially lasting for 10 days and to result in the loss of 350,000 bbl of gasoline production.
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