World’s Refineries May Not Meet U.S.’ Growing Gasoline Appetite

To meet growing demand, the U.S. imports about 11% of its gasoline. Those non-U.S. refineries will see the strongest growth over the next two decades.

Will those refiners relieve future U.S. supply constraints? Some, but not a lot. Though U.S. refinery growth will lag gasoline demand growth, overseas refiners will find more than enough demand from their own countries’ drivers. Traditional suppliers of non-U.S. gasoline are on the wane while potential new suppliers have yet to come onstream.

“The odds of (overseas gasoline meeting U.S. demand growth) are fairly low,” said Blake Eskew, vice president at oil consulting firm Purvin & Gertz. “Some products will come to the U.S., but not enough to meet our own demand.”
Investors.com