PRODUCTION WOES Vehicles drive on the Capital Beltway, Interstate 495 ahead of the Memorial Day weekend on May 27, 2022 in McLean, Virginia. Several US gasoline refineries have shut down in recent years, or been converted to make other fuels, crimping America’s refining capacity and exacerbating the hit from high crude oil prices in the current energy crunch. AFP PHOTO
NEW YORK: Only time will tell how much record US prices at the pump will dent driving demand this summer, but don't expect a significant increase in gasoline supply from American refineries.
