the (most accurate) gas price guy. 20+ years on fuel prices/energy markets. BS-buster. truth & integrity are my north star. lover of econ, dogs and bourbon.
definitely a surprise. a bigger surprise would be if the former Limetree refinery in St. Croix is able to restart. the environment for it is welcoming, but the refinery would need significant investment. perhaps that situation is looking up?
Valero is buying the mothballed Lyondell refinery in Houston and today said they will restart the facility and process about 167,000 b/d of crude and feedstock sometime in 2027. Not on most traders' bingo cards for sure.