DENVER (KDVR) – It is nonetheless early, however nationwide tendencies predict Denver gasoline costs will reply to Suncor’s short-term shutdown.
Suncor’s refinery in Commerce Metropolis It’s anticipated to stay closed for months, probably till March. The Canadian oil firm introduced the shutdown on December 24, a fireplace broke out in an oil refinery two staff had been injured.
Nobody occasion alone determines what is going to occur to fuel costs, particularly on the native or state stage. Nevertheless, main occasions such because the Suncor shutdown, which restricts fuel provide, are linked to vital value will increase in a number of US states within the second half of 2022.
Costs rose in main cities in every of those states, in response to GasBuddy data.
Refineries in Washington and California had been shut down for upkeep in September. Nevada will get most of its fuel from California, so costs responded. A gallon of gasoline was virtually 75 cents costlier on October 5 than it was on September 1.
Likewise, Phoenix fuel largely comes from California. The short-term shutdown precipitated fuel to go up greater than a greenback a gallon.
Exterior the western US, costs rose in response to an emergency shutdown, extra much like Suncor’s scenario. A hearth at Indiana’s Whiting Station has precipitated a short lived shutdown. In Michigan, which takes a considerable amount of fuel from the ability, costs elevated by 50 cents.
Denver’s fuel provide is much less depending on West Coast fuel, which has insulated it from value will increase seen in different western markets. On the similar time, its costs remained comparatively unchanged.