Get ready for higher gasoline prices, at least in the Eastern part of The US:
The good news is that they arenāt even in the top 10 nation wide. Yeah 1000 people out of work is not good though. I still would want to know the cause of the fire, being suspicious is all. When was the last time a new refinery was built I wonder and is it even possible now to build one? That one started in the 1800ās.
That was a quick decision. But to be fair, you canāt just rebuild as it was; everything replaced would be built to todayās standards, which can be quite expensive.
Although it was relatively small, the east did lose refining capacity close to a port. Some may be happy to be rid of a refinery - that is, until thereās a major weather event in the Gulf Coast and supply is greatly reduced.