How extreme heat is making your gas more expensive | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Even as inflation cools across most of the economy, gasoline prices have surged to nine-month highs this week

. Extreme heat is contributing to this unwelcome price spike. The problem is that refineries, like humans, can’t handle persistently sweltering temperatures. When temperatures soar to 100 or even 110 degrees Fahrenheit, these complex facilities can’t churn out all the gasoline consumers want or need. And that loss of supply is occurring just as demand is at or near a peak this summer driving season. “Refineries break down in extreme heat.

Why high heat matters In order to churn out gasoline, jet fuel and diesel, refineries heat crude oil, sometimes to 900 or 1,000 degrees Fahrenheit, to break the molecules down, according to Andy Lipow, president of consulting firm Lipow Oil Associates. After heating the oil, it must be cooled to get the finished product. Normally, that is a standard process, but everything changes in triple-digit temperatures that persist.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fitch tells CNN why it downgraded America now | CNN BusinessFitch Ratings is defending its controversial decision to downgrade the US credit rating by pointing to the nation’s mountain of debt.
Source: CNN - 🏆 4. / 95 Read more »

Writers union and Hollywood will resume talks, aiming to end the strike | CNN BusinessHollywood studios on Tuesday asked the Writers Guild back to the negotiating table in the first known talks since the nearly 100-day strike brought production of most television shows and movies to a halt.
Source: CNN - 🏆 4. / 95 Read more »

Taylor Swift gives 'life-changing' $100,000 bonuses to Eras Tour truck drivers | CNN BusinessTaylor Swift thanked a slew of crew members who have done serious heavy lifting on the road with her — among them, the tour’s truck drivers — with a hefty bonus. Read more:
Source: cnni - 🏆 326. / 59 Read more »

Fitch downgrades US debt on debt ceiling drama and governance worries | CNN BusinessFitch Ratings downgraded its US debt rating on Tuesday from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
Source: cnnbrk - 🏆 393. / 55 Read more »