Quote Originally Posted by drone
President Bush has actually used the word "Conserve".

http://money.cnn.com/2005/09/01/news...reut/index.htm

Now we know it's serious.
Yep, so much for "conservation is not the answer."

In fairness, refineries are going to try to run at 90% of capacity most of the time for competitiveness reason, and this is peak season which means it should be 95% plus. So any outage is going to effect the gas price. A big one will effect it more, especially after 9 weeks of inventory decline because it is peak season.

It is the disconnect between oil and gasoline price that illustrates *this* event as being a disaster induced refining limitation.