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In 1970, there were approximately 250 oil refineries operating in the United States. This number reflected a significant presence of refining capacity to meet the growing demand for petroleum products during that era. However, the number of refineries has since decreased due to industry consolidation and shifts in energy production and consumption.

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How many oil refineries in the US produce gasoline?

As of October 2023, there are approximately 130 oil refineries operating in the United States that produce gasoline. These refineries vary in size and capacity, collectively processing millions of barrels of crude oil each day to meet domestic fuel demands. The number of refineries can fluctuate due to economic factors, regulatory changes, and shifts in energy policy.


How many gasoline refineries are there in the US?

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There've been no new oil refineries opened in the last 10 Years. As a matter of fact none have been built in over 30 years. The last new refinery opened was in the mid 1970s. However, there're two new refineries in the process of getting approved and built, one in Arizona to come on line this year, and one in S. Dakota where construction will start this year.


Was a factor that created oil shortages in the us during the 1970?

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Why is the US obligated to sell its own crude oil on the open market?

In the US, the oil companies will generally either sell their oil on the open market, to get the best price possible, or will use the oil in their refineries. There are a number of exceptions. They may have a heavy crude, and it is to their advantage to lock in a long term delivery contract to a refinery.


How many oil refineries are there in the US?

Contrary to popular belief there are many, spread all over. According to the EIA, 149. However, they are not all dedicated to refining oil into usable gasoline, and 149 still aren't enough. The real problem, however, is not that there aren't enough refineries (which, once again, there aren't,) but that the refineries we have are not working at maximum capacity. Regularly, their parent companies will shut them down or scale them back, dramatically reducing their output. The oil companies say its due to refinery age, reparis, etc. There is much debate, however, as to whether or not these actions are actually deliberate in order to boost prices at the pump. It could be argued that with problems occurring that increase expenses for oil companies that their increase in profits recently makes those same statements of high expenditures false. What adds further weight to the debate is the fact that dozens of refineries have been closed in the past 15 years, which doesn't add up during a supply shortage or price spike caused by the same, with increase in demand. It is also widely known that in the mid-1990's some refineries were closed as a direct result of refinery overproduction, during times of surplus, which was due to a loss of profits by the relevant companies. This further makes recent industry profit spikes quite coincidental, now that those refineries are closed and production is strickly controlled, shortage or surplus with every barrel with limited refineries, which can be slowed for any reason. Regardless, production of gasoline and related products is affected, and to be fair, 60% of U.S. oil is imported, and so conflicts in Iraq and problems with Iran, Venezuela, long shipping times/distances all can also dramatically affect the price of gasoline as well, and have been known to hamper it in the past.