Insight

Go your own way – diverging trends for US regional product markets

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The United States refining industry was already on a path to long term change before the coronavirus pandemic swept across the globe. Within the next ten years, US oil demand was set to take a permanent drift downward from its long-term trend of steady growth. In this Insight, we break down the evolving trends for gasoline, diesel and jet fuel demand by region. We then examine each refining region and how it will be shaped by the changing oil demand landscape. Finally, we look at crude differentials, product cracks and refining margins for the US Midcontinent and Gulf Coast regions.

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    Go your own way - US regional oil product markets.pdf

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