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%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

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.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 4. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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.
La source: CNN - 🏆 4. / 95 Lire la suite »

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.
La source: CNN - 🏆 4. / 95 Lire la suite »

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:
La source: cnni - 🏆 326. / 59 Lire la suite »

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.”
La source: cnnbrk - 🏆 393. / 55 Lire la suite »