I read an article late last year that the US has become a net exporter of refined products, particularly gasoline. With the recent permanent closing of several refineries on the East Coast, the closing of the large USVI refinery, and other refineries closing of late, how long until we once again become a net importer of refined products?
No new refineries have been built in the US in approximately 35 years. (new in the sense of on virgin real estate)