And according to the Air Resources Board, demand is rising for gasoline and refining capacity is remaining constant.

We need to address refining capacity,

The drop is mostly from refining capacity comeback and, to a lesser degree, lower demand.

You have all the elements to push the price up: high demand, tight supplies, tight refining capacity, interruptions in supplies, geopolitical tensions, Iran, Nigeria, etc.. The upside is bigger than the downside, so the money is piling in.

Let's align our resources where we have demand.

There is just no spare refining capacity around to deal with these losses. We don't have any cushion.