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News Link • Economy - Economics USA

With Fuel Demand Weak, Refineries Shutting Down

• AP
Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.

Valero Energy Corp., which shuttered a major refinery over the summer, said Friday it would permanently close its Delaware City oil refinery and layoff 550 workers.

2 Comments in Response to

Comment by Lola Flores
Entered on:

 If the demand for fuel is low, does that mean that EXXON...errr...I mean, the US Army is finally going to get out of Iraq?

Comment by Trouser Chili
Entered on:

Wow, then why are prices at the pump rising so much?  Maybe this is just a good way to squeeze the US populace a little harder.

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