Refinery giant takes issue with Obama's 'bottleneck' assertion

Oil
By John Solomon on March 7, 2012

One of the nation’s largest refinery operators took issue Wednesday with President Obama’s suggestion this week that high gas prices are linked somehow to a “bottleneck” at U.S. refineries.

Valero Energy said there is no bottleneck or backlog at refineries along the Gulf Coast right now, and in fact refiners are exporting about 600,000 barrels of excess gasoline a day because there isn’t enough demand in the United States.

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Valero
Bill Day
President Obama
gasoline prices
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