# Supply and demand

**URL:** <https://community.cartalk.com/t/supply-and-demand/143069>\
**Category:** General Discussion\
**Created:** [June 26, 2019, 8:57pm UTC](https://community.cartalk.com/t/supply-and-demand/143069 "2019-06-26T20:57:47Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![VDCdriver](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/vdcdriver/32/30_2.png) [@VDCdriver](https://community.cartalk.com/u/VDCdriver)\
**Post date:** [June 26, 2019, 8:57pm UTC](https://community.cartalk.com/t/supply-and-demand/143069/1 "2019-06-26T20:57:47Z")

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Get ready for higher gasoline prices, at least in the Eastern part of The US:

> **[Largest oil refinery on East Coast to close permanently after fire](https://www.nj.com/news/2019/06/largest-oil-refinery-on-east-coast-to-close-permanently-after-fire.html)**
>
> “I spoke with the CEO and leadership of Philadelphia Energy Solutions this morning and can confirm that PES intends to shut down the refinery within the next month,” said a statement issued by Philadelphia Mayor Jim Kenney.

😒

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**Author:** ![bing](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/bing/32/4619_2.png) [@bing](https://community.cartalk.com/u/bing)\
**Post date:** [June 26, 2019, 9:37pm UTC](https://community.cartalk.com/t/supply-and-demand/143069/2 "2019-06-26T21:37:15Z")

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The good news is that they aren’t 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 1800’s.

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**Author:** ![boilerengtn](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/boilerengtn/32/6955_2.png) [@boilerengtn](https://community.cartalk.com/u/boilerengtn)\
**Post date:** [June 27, 2019, 1:58am UTC](https://community.cartalk.com/t/supply-and-demand/143069/3 "2019-06-27T01:58:24Z")

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That was a quick decision. But to be fair, you can’t just rebuild as it was; everything replaced would be built to today’s 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 there’s a major weather event in the Gulf Coast and supply is greatly reduced.