a strike by steelworkers at 12 refineries across the country is impacting 20 percent of oil production.
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I need to clarify that quote. First as we know, it has nothing to do with oil production, but gasoline/diesel/etc refined products productions.
Secondly, only one of the refineries are shut down, one in California, making CA’s pricing even worse. But at most (all?) the other refineries operating with non-union engineers, managers, contractors, etc, the production is scaled back and not running full out.
When do you think the price will start dropping again?