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U.S. Refiners Are Desperate For A Gasoline Demand Boom By Tsvetana Paraskova - Apr 14, 2021, 6:00 PM CDT
Meeting rising gasoline demand heading into the summer months is the best bet for U.S. refineries to stop the losses they had incurred last year and in the first quarter this year.
U.S. refiners had to not only suffer through the collapse in fuel demand when the pandemic started hitting mobility in March 2020, but many along the Gulf Coast had to shut operations for weeks during the Texas Freeze and pay higher electricity and natural gas costs.
Some of the largest U.S. refiners said earlier this month that the losses from 2020 continued through the first quarter, also due to demand and supply outages during the winter storms in February and increased costs for power.
Tuesday, April 13, 2021
This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.
Key developments
LMC Automotive raised its forecast for U.S. light vehicle sales to
16.6 million units for full year 2021, while noting an increased risk of production disruptions stemming from parts shortages.
Due to the semiconductor shortage,
GM and
traditional two-week summer shutdown has been
canceled for the majority of Ford’s U.S. plants.
U.S. fleet sales were down by 28% for Q1 2021 compared to the same period last year, according to Cox Automotive.
New-vehicle inventories fell to 2.4 million units industrywide for the U.S. in March, representing a decline of 37% from March 2020.
Governors Wind Energy Coalition
U.S. Forecasts Highest Summer Fuel Prices Since 2018 Source: By Andres Guerra Luz, Bloomberg • Posted: Wednesday, April 7, 2021
Drivers eager to get back on the road more than a year into the pandemic will face the highest summer gasoline prices since 2018, according to a U.S. government report.
Prices at the pump will average $2.78 a gallon from April to September in the U.S., more than 30% higher than last summer. While Covid-19 will continue to affect petroleum markets this summer, more vaccinations combined with U.S. fiscal stimulus will support the economic recovery and drive demand growth, the Energy Information Administration said in its annual Summer Fuels Outlook report on Tuesday.
Boston Harbor Cruises has a new name
Updated April 6, 2021, 2 hours ago
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BOATING
Boston Harbor Cruises has a new name
The new owner of Bostonâs largest boat operator has rebranded the business, marking an end of an era for a name, Boston Harbor Cruises, that lasted nearly a century. Hornblower Group, the Crestview Partners-owned parent company, renamed BHC on Tuesday as Boston Harbor City Cruises. Hornblower acquired BHC from members of the Nolan family in 2019, and installed Bob Lawler as the top executive in Boston last year. The name change affects the companyâs 40-plus vessels docked in Boston Harbor, including the Spirit and Odyssey dinner cruises, and reflects the creation of the companyâs City Experiences umbrella group. Hornblower unveiled the new name as part of a broader rebranding across its various boat businesses across North America, serving locations ranging from the San Francisco Bay to the Statue of Liberty. â JON CHESTO
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