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August 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--With fuel prices still contributing to the extraordinary levels of inflation in the U.S. economy, the federal government took action to ensure adequate supplies are available after BP's (NYSE:BP) (London, England) refinery in Whiting, Indiana, went offline.
An electrical fire last week prompted BP to close down part of its refinery situated along the southern shores of Lake Michigan. Whiting is the nation's sixth-largest refinery, processing some 400,000 barrels of crude oil per day. Those barrels account for about a quarter of the supplies of gasoline, jet fuel and diesel for Illinois, Indiana, Michigan and Wisconsin.
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