Strong Global Demand for Refined Products Drives U.S. Refiners' Project Spending Plans

SUGAR LAND--December 29, 2011--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Motorists should enjoy it while it lasts: U.S. retail gasoline prices have fallen by an average of 25 cents per gallon during the last two months, despite continued high prices for crude oil and the recent closure of two refineries in Pennsylvania. "Recent retail price declines for refined products don't make any sense," said Chris Paschall, Industrial Info's vice president of research for the Petroleum Refining Industry. "I'd advise motorists to get ready for potentially significant retail price increases in 2012."

Other companies featured: Sunoco Incorporated (NYSE:SUN), ConocoPhillips (NYSE:COP)