This thread has become large and at times outdated.
A new thread has been started.
Senior Anandtech Moderator
Common Courtesy
8-22-2007 Gas stations owners file lawsuit alleging price fixing by Saudi owned Refiners in U.S.
==================================================
Will the incompetence ever be addressed?
Why is this incomptence a reward?
How long have they been making gasoline?
What other industries can be so incompetent and see rewards for more incomptence?
=======================================================
7-11-2007Gas prices jump as the closure of two refineries in the Midwest continue to curb gasoline supplies in the Midwest and Plains states.
The closure of a refinery in Coffeyville, Kan., due to flooding and the shutdown of a huge piece of oil processing equipment at a BP PLC refinery in Whiting, Ind., have pushed gas prices in the center of the country higher in recent days, in turn forcing the national average up, analysts say.
The Whiting refinery unit was shut down on Monday, but should be restarted later in the week or over the weekend after minor repairs, a source familiar with the refinery said.
The loss of the refineries has wholesale gasoline in the Midwest selling for 30 cents a gallon more than futures prices, said Jack Hunter, an energy trader at FC Stone Group in Kansas City, Mo.
Meanwhile, a report by the Energy Department's Energy Information Administration showed that refinery utilization grew less than expected last week, while gasoline inventories jumped twice as much as expected.
The report's conclusions are mixed. On one hand, gasoline inventories grew. But so did gasoline imports, showing that the nation is increasingly relying on gasoline produced overseas.
"The market is utterly relying on imports to get us through the summer," Schork said
=====================================================
Sad, no factories here anymore and cannot even produce our own gasoline.
You reap what you sow.
In the U.S. case, nothing.
Enjoy, you all deserve it and whatever else is coming.
=======================================================
6-7-2007 Oil and gasoline futures jumped Thursday on concerns that U.S. refineries aren't making enough gasoline to meet domestic demand.
Those worries were fed by a government report Wednesday that showed refinery utilization fell 1.5 percent last week to 89.6 percent of capacity.
"That's the really big story," said Michael Davies, an analyst at Sucden Ltd., a commodities brokerage firm. "There are going to be concerns whether the U.S. can cope with gasoline over (the) summer."
=======================================================
5-22-2007 Gas hits Nationwide Avg all time High $3.22
Resident pundit Big Oil Supporters can't use "Adjusted for Inflation" excuse anymore
===============================================
5-19-2007 String of new problems at refineries
"It seems that every day there are announcements of refinery glitches in the U.S., and this rash of refinery snags is driving the crude futures market," said Victor Shum, energy analyst with Purvin & Gertz in Singapore.
<<<<<<Murphy Oil Corp. said its 125,000-barrel-a-day Meraux, La., refinery has shut down a crude unit for minor repairs, Dow Jones Newswires reported.
Shutdowns at a number of U.S. refineries were also reported by BP PLC, ConocoPhillips and Valero Energy Corp., analysts said.
===========================================
This is an interesting development.
The Oil Companies say they purposely are not building more refineries in the U.S. because then they would have to lower prices.
That says it has nothing to do with environmental whackos as the resident pundits contend:
5-4-2007 Europe, a raccoon and an opossum blamed for high gas prices
Europe, which provides a big chunk of the gasoline imported by the U.S., is switching some of its refineries to diesel, which is becoming the preferred fuel in that market, says Antoine Halff, head of energy research at Fimat, a brokerage firm owned by Societe Generale. Tougher environmental regulations have reduced overall output, and the strong euro has also made importing European gasoline to the U.S. less economical, he adds.
Imports from other countries, such as Venezuela, have also fallen due to refinery problems in those countries. In the first three months of the year, gasoline imports to the U.S. fell 12% compared with the same period last year.
At the same time, a string of refinery outages and maintenance stops in the U.S. drove refining capacity to record lows. Refining capacity in the third week of April was 87.8%, compared with an average of above 90% in the same period between 1994 and 2005, according to the EIA. This is even lower than the 88.2% capacity levels recorded in mid-April last year, when refineries were still recovering from Hurricane Katrina.
Although analysts expect domestic production to increase in coming weeks and somewhat restore inventories before the start of the driving season, even a small mishap can have a huge effect on prices.
Earlier this year, a raccoon and an opossum wandered into two Southern California substations, causing a power-supply disruption that resulted in flaring at one refinery and an outage at another.
"There isn't enough refining capacity, and that is a deliberate business decision," says Judy Dugan, director of research at the Foundation for Taxpayer and Consumer Rights, a nonprofit organization. The oil industry counters that it's more economical to build refineries in rapidly growing markets like Asia than in the U.S.
In the end, it may come down to consumers: Either they'll have to use less gasoline, or they're going to continue to pay a premium.
========================================
4-5-2007 New Poll question.
With the radical righties constantly saying driving is a priviledge and if we don't like the prices just stop buying gas, questions ask is that even possible?
4-4-2007 British soldiers released from Iran.
Oil drops $4 but gas goes up due to refinery incompetence.
========================================
4-17-2007
California $4.09
New York $3.89
Most of U.S. around $3 even
Canada rationing Diesel Fuel
The "Drive for Five" has arrived
Originally posted by: dualsmp
Let's break down the costs in a gallon of gasoline:
Cost of oil, per gallon at $58 barrel = $1.38
Taxes and fees = 58 cents
Dealer markup = 5 cents
Refining and distribution = $1.07
Wednesday's retail price = $3.08 (North County)
--------------------------------------------------------------------------------
It's pretty clear, time to Nationalize Refining and Distribution.
Supply & Demand my Ass
Why would a Gas Industry spokesman reveal the Bush administration is manipulated prices?
3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election
Expert: Wall Street Fuels Higher Gas Prices
Drivers are once again feeling the pain at the pump.
The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.
?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.
They can manipulate a market and that?s exactly what they?re doing.?
For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.
They can make hundreds of thousands of dollars in a day.?
Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.
But now that the elections are over, the pressure is off and the firms are back.
===============================================
1-22-2007 Gas prices jump over 30 cents on oil rising back $2 to $53.
===============================================
I don't think LPG is an option for the U.S. since we have to import in.
Haliburton and the Oil Thugs have been building high capcity LPG terminals off the coast of New Orleans for the last two year. Not sure if they are ready yet and if they can survive a Hurricane. If they can't, then just waste of money.
8-14-2006 Australia offers incentives to run cars on LPG
Australians on Monday were offered cash rebates to convert their vehicles to run on liquefied petroleum gas (LPG) rather than petrol in a government move to reduce the country's dependence on Middle East oil.
Prime Minister John Howard unveiled a A$1.6 billion ($1.2 billion) program over eight years to help combat high world oil prices, but said there was no way to escape rising prices.
"This is a difficult time for Australians faced with high petrol prices," Howard told parliament.
He said world oil prices had risen by about 17 percent in the past year and the price of petrol at pumps had followed suit, causing voter anger at the rising cost of filling up the family car.
Under the new program, the government will give a A$1,000 rebate to people who buy new LPG-powered cars for personal use, and a A$2,000 rebate to people who convert their cars to use LPG.
"Australia is exporting LPG. We have ample supplies of it. What we wanted to do is increase consumption of LPG and increase Australia's self-sufficiency," he told Australian television.
Australia's main motoring body, the NRMA, said the measures would make it viable for people to convert their cars to LPG.
Spokesman Alan Evans said motorists who drive 15,000 km (9,300 miles) to 20,000 km a year would save A$30 to A$40 a week on their fuel bill. But he said Australia had shortages of people qualified to install LPG units in cars.
"This is something you cannot have your backyard mechanic do," he told reporters
=====================================================
Bahahahaha High Gas prices and a Captive audience = Higher Taxes baby
Enjoy
7-25-2006 Americans can indeed be forced from their cars at the right price.
Gasoline prices at near-record highs are fueling a big increase in the number of riders on buses and trains.
The boost in ridership has many of the country's transit systems looking to make improvements, with ballot initiatives asking voters for permission to raise local taxes for public transit or to continue taxes that were scheduled to end.
Salt Lake City, where ridership is up 43 percent versus a year ago, is asking the public this fall for $900 million to add 30 miles of tracks to the city's light rail system in a project that is expected to cost $1.2 billion.
=====================================
7-24-2006 Gas prices move past $3 to all-time high
Enjoy
7-13-2006 Gas climbs towards $4 on start of WWIII
4-25-2006 Bush suspends Environmental rules and halts Oil Reserve purchases till Fall.
GasBuddy.com - Check latest Gas station prices in your area or across the Country
4-21-2006 It is really obvious that the Oil Barons watch this thread.
I've been saying show me the stations out of gas and ta daaaaaaaaa, today stations runs out of gas all over the U.S. overnight.
Of course despite the fact that there is a crap load of Oil available and no refineries down.
The Ethanol situation is a complete fabrication by the Bushies.
Congratulations
Today they are blaming the truckers.
I hope truckers don't take this laying down.
Let's see how wussy American truckers are or do they have a set of balls against the Bush Regime.
4-21-2006 US fuel crunch worsens
Virginia - Dozens of gasoline stations from Virginia to Massachusetts ran short of fuel on Friday as suppliers struggled with a transition to a new anti-smog gasoline blend using corn-based ethanol as an additive.
The disruptions, caused in part by a lack of trucks to move ethanol to supply terminals
There you have it in black & white.
The Oil Barons and the Government blaming truckers.
Truckers are you wusses or will you stand up to this blasphemy???
================================================
4-20-2006 $4 plus Gas hits both East & West Coast
New York ($4.14)
California ($4.14)
Colorado ($3.98)
Original Gas Thread link - over 1 1/2 years old
4-20-2006 New and Improved Gas thread
This thread is mainly dedicated the Gas Price and station amount of Gas part of the equation although the price of Oil has a large part of the swing of the prices.
The part that was really wrong was that the proportion of the Gas increase did not quite match the part of the Oil increase.
That however has been changing during the recent run up.
Despite Oil inventories at record levels of 8 year highs and no refineries actually offline due to major issues like a fire, natural disaster etc and no gas stations running out of gas, prices have been jumping anywhere from 20 cents to 50 cents per day.
Oil rises 82 cents per barrel, gas has been jumping 50 cents even though it does not cost 50 cents more per barrel to produce said gallon of gas.
As much as SUPPLY and DEMAND pundits try to justify their ill gotten position everything clearly shows it is a manipulated and bogus Market by the Oil Barons and Politicians, nothing to do with SUPPLY and DEMAND, nothing.
8-2005 Gas hits $9 gal in Atlanta, Katrina blamed.
A new thread has been started.
Senior Anandtech Moderator
Common Courtesy
8-22-2007 Gas stations owners file lawsuit alleging price fixing by Saudi owned Refiners in U.S.
==================================================
Will the incompetence ever be addressed?
Why is this incomptence a reward?
How long have they been making gasoline?
What other industries can be so incompetent and see rewards for more incomptence?
=======================================================
7-11-2007Gas prices jump as the closure of two refineries in the Midwest continue to curb gasoline supplies in the Midwest and Plains states.
The closure of a refinery in Coffeyville, Kan., due to flooding and the shutdown of a huge piece of oil processing equipment at a BP PLC refinery in Whiting, Ind., have pushed gas prices in the center of the country higher in recent days, in turn forcing the national average up, analysts say.
The Whiting refinery unit was shut down on Monday, but should be restarted later in the week or over the weekend after minor repairs, a source familiar with the refinery said.
The loss of the refineries has wholesale gasoline in the Midwest selling for 30 cents a gallon more than futures prices, said Jack Hunter, an energy trader at FC Stone Group in Kansas City, Mo.
Meanwhile, a report by the Energy Department's Energy Information Administration showed that refinery utilization grew less than expected last week, while gasoline inventories jumped twice as much as expected.
The report's conclusions are mixed. On one hand, gasoline inventories grew. But so did gasoline imports, showing that the nation is increasingly relying on gasoline produced overseas.
"The market is utterly relying on imports to get us through the summer," Schork said
=====================================================
Sad, no factories here anymore and cannot even produce our own gasoline.
You reap what you sow.
In the U.S. case, nothing.
Enjoy, you all deserve it and whatever else is coming.
=======================================================
6-7-2007 Oil and gasoline futures jumped Thursday on concerns that U.S. refineries aren't making enough gasoline to meet domestic demand.
Those worries were fed by a government report Wednesday that showed refinery utilization fell 1.5 percent last week to 89.6 percent of capacity.
"That's the really big story," said Michael Davies, an analyst at Sucden Ltd., a commodities brokerage firm. "There are going to be concerns whether the U.S. can cope with gasoline over (the) summer."
=======================================================
5-22-2007 Gas hits Nationwide Avg all time High $3.22
Resident pundit Big Oil Supporters can't use "Adjusted for Inflation" excuse anymore
===============================================
5-19-2007 String of new problems at refineries
"It seems that every day there are announcements of refinery glitches in the U.S., and this rash of refinery snags is driving the crude futures market," said Victor Shum, energy analyst with Purvin & Gertz in Singapore.
<<<<<<Murphy Oil Corp. said its 125,000-barrel-a-day Meraux, La., refinery has shut down a crude unit for minor repairs, Dow Jones Newswires reported.
Shutdowns at a number of U.S. refineries were also reported by BP PLC, ConocoPhillips and Valero Energy Corp., analysts said.
===========================================
This is an interesting development.
The Oil Companies say they purposely are not building more refineries in the U.S. because then they would have to lower prices.
That says it has nothing to do with environmental whackos as the resident pundits contend:
5-4-2007 Europe, a raccoon and an opossum blamed for high gas prices
Europe, which provides a big chunk of the gasoline imported by the U.S., is switching some of its refineries to diesel, which is becoming the preferred fuel in that market, says Antoine Halff, head of energy research at Fimat, a brokerage firm owned by Societe Generale. Tougher environmental regulations have reduced overall output, and the strong euro has also made importing European gasoline to the U.S. less economical, he adds.
Imports from other countries, such as Venezuela, have also fallen due to refinery problems in those countries. In the first three months of the year, gasoline imports to the U.S. fell 12% compared with the same period last year.
At the same time, a string of refinery outages and maintenance stops in the U.S. drove refining capacity to record lows. Refining capacity in the third week of April was 87.8%, compared with an average of above 90% in the same period between 1994 and 2005, according to the EIA. This is even lower than the 88.2% capacity levels recorded in mid-April last year, when refineries were still recovering from Hurricane Katrina.
Although analysts expect domestic production to increase in coming weeks and somewhat restore inventories before the start of the driving season, even a small mishap can have a huge effect on prices.
Earlier this year, a raccoon and an opossum wandered into two Southern California substations, causing a power-supply disruption that resulted in flaring at one refinery and an outage at another.
"There isn't enough refining capacity, and that is a deliberate business decision," says Judy Dugan, director of research at the Foundation for Taxpayer and Consumer Rights, a nonprofit organization. The oil industry counters that it's more economical to build refineries in rapidly growing markets like Asia than in the U.S.
In the end, it may come down to consumers: Either they'll have to use less gasoline, or they're going to continue to pay a premium.
========================================
4-5-2007 New Poll question.
With the radical righties constantly saying driving is a priviledge and if we don't like the prices just stop buying gas, questions ask is that even possible?
4-4-2007 British soldiers released from Iran.
Oil drops $4 but gas goes up due to refinery incompetence.
========================================
4-17-2007
California $4.09
New York $3.89
Most of U.S. around $3 even
Canada rationing Diesel Fuel
The "Drive for Five" has arrived
Originally posted by: dualsmp
Let's break down the costs in a gallon of gasoline:
Cost of oil, per gallon at $58 barrel = $1.38
Taxes and fees = 58 cents
Dealer markup = 5 cents
Refining and distribution = $1.07
Wednesday's retail price = $3.08 (North County)
--------------------------------------------------------------------------------
It's pretty clear, time to Nationalize Refining and Distribution.
Supply & Demand my Ass
Why would a Gas Industry spokesman reveal the Bush administration is manipulated prices?
3-2-2007 Gas Industry spokesman says Wall Street Firms manipulating Gas Prices for extra profit after election
Expert: Wall Street Fuels Higher Gas Prices
Drivers are once again feeling the pain at the pump.
The increased profits are rolling out of the gas stations and through the oil companies to the big-money people on Wall Street.
?I?m talking about Goldman Sachs, those kinds of people, the big brokerage firms,? Dan Bowers, of Mon Valley Petroleum, said. ?They come in and do a lot of buying.
They can manipulate a market and that?s exactly what they?re doing.?
For example, Bowers says they can buy ?a billion dollars worth of gasoline at whatever cost it is today and they sell that for seven cents again tomorrow.
They can make hundreds of thousands of dollars in a day.?
Those in the gas industry believe investment firms are trading gas again on the markets because last summer, the Bush Administration pressured them to get out so prices could fall before the election.
But now that the elections are over, the pressure is off and the firms are back.
===============================================
1-22-2007 Gas prices jump over 30 cents on oil rising back $2 to $53.
===============================================
I don't think LPG is an option for the U.S. since we have to import in.
Haliburton and the Oil Thugs have been building high capcity LPG terminals off the coast of New Orleans for the last two year. Not sure if they are ready yet and if they can survive a Hurricane. If they can't, then just waste of money.
8-14-2006 Australia offers incentives to run cars on LPG
Australians on Monday were offered cash rebates to convert their vehicles to run on liquefied petroleum gas (LPG) rather than petrol in a government move to reduce the country's dependence on Middle East oil.
Prime Minister John Howard unveiled a A$1.6 billion ($1.2 billion) program over eight years to help combat high world oil prices, but said there was no way to escape rising prices.
"This is a difficult time for Australians faced with high petrol prices," Howard told parliament.
He said world oil prices had risen by about 17 percent in the past year and the price of petrol at pumps had followed suit, causing voter anger at the rising cost of filling up the family car.
Under the new program, the government will give a A$1,000 rebate to people who buy new LPG-powered cars for personal use, and a A$2,000 rebate to people who convert their cars to use LPG.
"Australia is exporting LPG. We have ample supplies of it. What we wanted to do is increase consumption of LPG and increase Australia's self-sufficiency," he told Australian television.
Australia's main motoring body, the NRMA, said the measures would make it viable for people to convert their cars to LPG.
Spokesman Alan Evans said motorists who drive 15,000 km (9,300 miles) to 20,000 km a year would save A$30 to A$40 a week on their fuel bill. But he said Australia had shortages of people qualified to install LPG units in cars.
"This is something you cannot have your backyard mechanic do," he told reporters
=====================================================
Bahahahaha High Gas prices and a Captive audience = Higher Taxes baby
Enjoy
7-25-2006 Americans can indeed be forced from their cars at the right price.
Gasoline prices at near-record highs are fueling a big increase in the number of riders on buses and trains.
The boost in ridership has many of the country's transit systems looking to make improvements, with ballot initiatives asking voters for permission to raise local taxes for public transit or to continue taxes that were scheduled to end.
Salt Lake City, where ridership is up 43 percent versus a year ago, is asking the public this fall for $900 million to add 30 miles of tracks to the city's light rail system in a project that is expected to cost $1.2 billion.
=====================================
7-24-2006 Gas prices move past $3 to all-time high
Enjoy
7-13-2006 Gas climbs towards $4 on start of WWIII
4-25-2006 Bush suspends Environmental rules and halts Oil Reserve purchases till Fall.
GasBuddy.com - Check latest Gas station prices in your area or across the Country
4-21-2006 It is really obvious that the Oil Barons watch this thread.
I've been saying show me the stations out of gas and ta daaaaaaaaa, today stations runs out of gas all over the U.S. overnight.
Of course despite the fact that there is a crap load of Oil available and no refineries down.
The Ethanol situation is a complete fabrication by the Bushies.
Congratulations
Today they are blaming the truckers.
I hope truckers don't take this laying down.
Let's see how wussy American truckers are or do they have a set of balls against the Bush Regime.
4-21-2006 US fuel crunch worsens
Virginia - Dozens of gasoline stations from Virginia to Massachusetts ran short of fuel on Friday as suppliers struggled with a transition to a new anti-smog gasoline blend using corn-based ethanol as an additive.
The disruptions, caused in part by a lack of trucks to move ethanol to supply terminals
There you have it in black & white.
The Oil Barons and the Government blaming truckers.
Truckers are you wusses or will you stand up to this blasphemy???
================================================
4-20-2006 $4 plus Gas hits both East & West Coast
New York ($4.14)
California ($4.14)
Colorado ($3.98)
Original Gas Thread link - over 1 1/2 years old
4-20-2006 New and Improved Gas thread
This thread is mainly dedicated the Gas Price and station amount of Gas part of the equation although the price of Oil has a large part of the swing of the prices.
The part that was really wrong was that the proportion of the Gas increase did not quite match the part of the Oil increase.
That however has been changing during the recent run up.
Despite Oil inventories at record levels of 8 year highs and no refineries actually offline due to major issues like a fire, natural disaster etc and no gas stations running out of gas, prices have been jumping anywhere from 20 cents to 50 cents per day.
Oil rises 82 cents per barrel, gas has been jumping 50 cents even though it does not cost 50 cents more per barrel to produce said gallon of gas.
As much as SUPPLY and DEMAND pundits try to justify their ill gotten position everything clearly shows it is a manipulated and bogus Market by the Oil Barons and Politicians, nothing to do with SUPPLY and DEMAND, nothing.
8-2005 Gas hits $9 gal in Atlanta, Katrina blamed.
Facebook
Twitter