Where are refineries located?

Answer 1

No. The last refinery was built in 1976 and there are no plans to build any new ones. Existing petroleum refineries are experiencing declining operating revenues and are actually reducing their capacity to around 80%. This is in part due to the economic downturn and in part a result of a continuing downward trend in the refining industry that began in 2005. Imports of refined products are increasing to fill the gap between domestic supply and demand, though even these have declined as overall consumption has dropped from 2005-2008.

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Answer 2

Yes, as of 2012 there is a surplus of refining capacity in the United States. The situation is expected to get worse as mandated increases in the amounts of ethanol displacing gasoline, CAFE fuel vehicle efficiency standards improve, and Americans curb miles driven.

The overcapacity in the US refining sector is keeping the refinery margins low, meaning that the business is not profitable, unlike the large profit margin seen on exploration and production of oil.

Answer 3

Garyville, Louisiana