Richardface
kiwifarms.net
- Joined
- Dec 17, 2019
Refiner runs out of storage for gasoline. Now it must stop taking shipments of crude. The pipelines that ship the crude must be depressurized and now the oil field, which relies on having its output directly fed into the refiner must now shutter operations. The well must be secured so production can safely stop. You're now looking at months to restart the well once refining capacity becomes available along with inspections of the pipelines, re-pressurization, and for the refiner to retool to whatever product mix is being demanded.
The entire system is built around stable supply and demand at all levels and for product to be consumed immediately as it becomes available. If it fucks up at any one point, then it can take months to reconfigure it. This is why oil shocks have such long-lasting effects.
You don't just turn it off and turn it back on again. If demand and supply become even a little mismatched, the entire system seizes up.
If their refining capacity is in free fall why is the average cost of petrol at the pump in Russia only marginally higher than it was in December, rising from 51.19 rub/liter to an astronomical 51.89 rub/l

Russia gasoline prices, 30-May-2022 | GlobalPetrolPrices.com
Gasoline prices per litre, octane-95: We show prices for Russia from 21-Feb-2022 to 30-May-2022. The average value for Russia during that period was 51.85 Russian Rouble with a minimum of 51.70 Russian Rouble on 23-May-2022 and a maximum of 51.89 Russian Rouble on 28-Feb-2022. For comparison...
(On a side note, that's 2 us dollars/gallon lol)