Bingo.
US refineries are operating at nearly 100%, and any event, such as a major hurricane, will result in gasoline shortages.
Even though I believe Peak Oil is about to hit, it still makes sense to build more refineries to protect against refinery disruptions.
Saudi crude oil exports to us will actually decline if they ship it as gasoline instead.
It's not a bad development. The barriers to building new refineries enacted by lefties and their cronies are real. The increasing demand for gasoline has to be met somehow.