What has brought the region to this stage, where two major oil refineries have been shut down and a third could join them in a couple of months?
If, like most people, you’re worried about gasoline prices, you might.
The tiny town of Marcus Hook, Pa. depended heavily on earned income taxes from the Sunoco plant, now closed. Its local economy is in trouble.
So, with a half-billion-dollar potential hit to the regional economy looming in just three months, what does the future hold for the Delaware Valley’s three local refineries? Sunoco CEO Brian MacDonald isn’t sure.
The feds have approved some $5 million that will aid displaced workers at a pair of shuttered oil refineries in Delaware County.
“These assets are critical and need to be treated as such by the government,” says Charles Drevna, head of the American Fuel and Petroleum Manufacturers Association.
Testifying at budget hearings today, Pennsylvania’s economic development secretary said he’s optimistic two of the three Delaware County refineries slated for closing can be saved.
“What we heard today was absolutely nothing,” said United Steelworkers VP Gary Beevers after a meeting in Marcus Hook.