Wholesale California gasoline prices plunge, consumers still pay up

Wholesale gasoline in California became the cheapest in the country this week, but that change has largely gone unseen at the pump, where consumers still pay the highest prices in the continental United States to fill up their cars.

Industry Metrics

Rhodes, Michael, Hydrocarbon Processing Staff

The impact of Canadian and French refinery outages caused margins to fall slightly in the Atlantic Basin and Europe, despite stronger gasoline demand and higher inventories.

Global: Meeting Africa’s demand for oil products

Oirere, S., Contributing Editor

Demand for refined oil products is expected to continue growing in Africa, both in the short and medium terms. However, the continent’s refining capacity is unlikely to keep pace as commercial risks threaten to hold back planned new refineries and the expansion of existing facilities.

Industry Metrics

Mike Rhodes, Hydrocarbon Processing

US refinery utilization rates have increased in some areas following the peak of maintenance season.

Business Trends: Will India be Asia’s next downstream powerhouse?

Nichols, L., Hydrocarbon Processing

The Asia-Pacific region dominates in the total number of active projects in all sectors of the downstream hydrocarbon processing industry. Just as China has seen unprecedented growth over the past decade, India is emerging as the globe’s new oil demand center.

Global Project Data

Nichols, L., Hydrocarbon Processing

According to Hydrocarbon Processing’s Construction Boxscore Database, there were nearly 90 new project announcements from January 2015 to June 2015.

Fuel shortage disrupts domestic flights in Nigeria

Fuel shortages have caused an increase in cancellations and delays to internal flights in Nigeria over the last few days, a spokesman for the aviation authority said this week.

India sees road building as route to boost fuels

Past experience from the US and other advanced economies suggests massive highway construction will promote the creation of a more integrated national economy and increase freight and passenger traffic further. That will spur further rapid growth in transport fuels such as gasoline and diesel.

US gasoline, distillate inventories drop as refiners raise operating rates

Gasoline stocks fell 2.5 MMbbl, compared to forecasts for a 150,000-bbl drop. Distillate stockpiles, which include diesel and heating oil, fell 3.2 MMbbl, versus expectations for a 642,000-bbl drop.

Nigerian union proceeds with fuel protest strike

The government hopes lifting costly fuel subsidies, causing prices to rise by up to two thirds at the pumps, will help alleviate the worst crisis in decades in Africa's biggest economy.