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Article: Oxygenated gasoline winter demand came in far below predictions.
- Article from:
- The Oil Daily
- Article date:
- August 16, 1993
- Author:
CopyrightCOPYRIGHT 1993 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- Demand last winter for newly mandated oxygenated gasolines was more than 500,000 b/d lower than projected levels, according to a report on the new fuels by the Energy Information Administration (EIA).
Refiners, however, were largely successful in passing through to motorists the added costs of oxygenating gasoline, EIA's Charles Dale found, despite very weak markets that saw retail gasoline prices fall an average of 7 cents/gallon over the November-February period.
"While the first oxygenation season saw no major problems in spite of tremendous uncertainties, refiners cannot relax, because they must prepare for next season," Dale ...