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brassmule 1 point ago +1 / -0

February is usually when refinery maintenance happens, and as they come back online, they also start producing summer blend gasoline. The rest switch over in March. The EPA doesn't require summer blend until May 1, but we have switched over early several years, including 2016 and 2018. In 2020, we switched late due to a glut over winter fuel still sitting around after the start of Covid-19 lockdowns.

The storms in Texas shut down 20% of our US refining capacity, which is huge - combined with the capacity already down for normal turnover, it caused a big spike in price.

As the refineries come back online, they're making summer blend early already, so we're not really going to see much relief from the existing pricing.

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becky21k1 1 point ago +1 / -0

And there you have it.