Rising fuel prices are pinching profitability for Hoosier small businesses

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  1. Appreciate the recognition of fuel prices on businesses. However, we continue to look mainly at oil supply as the catalyst for high prices. A deeper dive would include the need for expanded refining capacity. Diesel inventories remain critically low with the country’s refineries running at 95%+- capacity. One short outage anywhere in the country can spike prices. It happened here with a recent outage at Whiting. It’s been decades since any new facilities have been built. Many shuttered, consolidated, and few expanded. Our national energy policy needs to include vastly expanded refining capacity, not just increased oil production. …Big oil likes where it is now and that’s precisely why we need to expand!

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