Analysis: Increased production capacity expected to tame fuel prices this summer

摘要

Don’t look for a return to $5/gal gasoline this summer, barring anunpredictable event. The chances of $4/gal gasoline are also slim as morerefining capacity comes online both domestically and internationally,according to an OPIS presentation at several recent trade shows.Even after the OPEC+ announcement of oil production cuts in April andensuing rally, prices are somewhat rangebound.