Got Gas? U.S. Economy to Worsen as Gas Prices Skyrocket

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Doppel

Lifer
Feb 5, 2011
13,306
3
0
Just like your bud lopped, you can't stay away because you have to.
This sentence makes no sense because your mind is scattered and confused. Do you want to try again, this time using written English, fashioned in a way that others might understand?
 

Born2bwire

Diamond Member
Oct 28, 2005
9,840
6
71
Originally Posted by Engineer
You can say that about anything in life.



You are not discussing the impact on the economy because clearly you profit personally from the bullshit.

You go ahead and be complacent to clear raping of America by the Corporations.

How much they paying you?

You are right about one thing, there are no conspiracies, it's 110% pure pillage.

Speaking of control and they put this guy in charge. Unreal.

Charles, I'm going out on a limb and say that Dave did not make the Debate Club cut.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
2-18-2013

http://losangeles.cbslocal.com/2013/02/18/5-gas-returns-to-southland/

$5 Gas Returns To California



One gas station in downtown Los Angeles was offering regular unleaded at $5.19 on Monday, prompting at least one potential customer to exit his vehicle, snap of a photo of the station’s prices – and then drive off in search of cheaper gas.

CBS2′s Amber Lee reports the average price of a gallon of gas in the Los Angeles-Long Beach area climbed for the 25th consecutive day

Analysts – who noted that gas price increases don’t usually occur until March – blamed refinery maintenance issues for a reduced supply that has drive prices upward over the last few months.

“I pay 75 bucks like three times a week to come to work,” said one woman. “You have to work to eat…if you don’t work, you don’t eat.”
==============================================

I suggest to that woman that instead of whining like a baby about do something.

Americans band together, you know what to do, do it.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
2-18-2013

http://money.cnn.com/2013/02/17/news/economy/gas-prices/index.html

32 days of higher gas prices comes at tough time



Gas prices have been rising due to higher oil prices, production cuts and refinery issues. Click chart for state-by-state data.


Gas prices have risen for 32 days straight, according to AAA.



It's hitting wallets right in the middle of winter, when people are already looking at large home heating bills. And it comes just after many Americans have been hit with smaller paychecks, and are worried about looming budget cuts that could deliver an even deeper blow.


What's behind the higher prices at the pump? It's a confluence of factors, from rising crude oil prices, to production cuts and refinery closings.

$5 a gallon gas hits California

Now, workers earning the national average salary of $41,000 are receiving about $60 less on every monthly paycheck.

Many Americans are also worried that the federal aid programs they rely on are on the chopping block. Next month, lawmakers will face off against the so-called "sequester," which will slash $85 billion from federal agencies over seven months.


By some estimates, up to 1 million jobs will be lost even as millions of federal workers will be furloughed and a bevy of programs and services across the government will be curtailed.
In such a scenario of widespread furloughs and job cuts, gas price will likely have a deeper impact if they continue to rise.




jwliv


Stop drinking the koolaid that sounds like the same lies they have been expousing for the last 10 years, and somehow that is supposed to explain a 50 cent jump in January when demand for gas is lowest. I remember seeing Cavuto badger a Saudi oil minister back in 2003 about the lack of supply, and even though supply is plentious 371 million barrels well above average some folks will believe a lie and repeat it like its truth. And besides that the thing that other countries need isn't gasoline its diesel, the rest of the world use diesel like we use gasoline. Stop buying the lie and then repeating. Make more refineries, smh go over to the EIA website and look at how well we are doing. Oh by the way, some of those supposedly forced closed refineries are coming back on line or being reconfigured to use the much cheaper bakken crude.

Shawn Poland


its funny how news sources rarely mention the amount of gas exported from here to other countries. no doubt that is going to affect the price.

Curt Bitterman

Correct, The last 2 months of 2012 guess what our biggest export was??? Refined Gasoline!!!!!
 

OverVolt

Lifer
Aug 31, 2002
14,278
89
91
I paid $3.61 for whats in my tank now. I got it before prices rose.

I was legit sticker shocked when I drove by the same station today and its $3.85

It normally doesn't rise in price on Monday. That usually comes later in the week (hence last week I gave it the fill'er up on Tuesday)

24 cents in 6 days it just rose at the pump. Wow.

In Maryland... uh... ish.
 
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dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Skyrocketing gas prices made the NBC Nightly News tonight.

It's been on the news every night here in Chicago lately:

2-18-2013

http://chicago.cbslocal.com/2013/02/18/gas-prices-spike-from-last-month/

Gas Prices Spike From Last Month



If you have to fill up your car’s gas tank on Monday, you may be shocked at your total.


Drivers are paying 40 cents more for a gallon of gas since just last month, CBS 2′s Susanna Song reports.

A gallon of regular unleaded at the BP on Roosevelt and Wabash costs $4.19. The average in Chicago is $4.10, up 12 cents in the past week, according to Gas Buddy.

According to Triple A, the national average is up more than 40 cents from this time last month.


This time last year, a gallon of gas in the Chicago area cost $3.54.

The spike comes at the same time that paychecks are getting smaller.



Most Americans are taking home less money after the payroll tax cut expired.


What’s behind the higher prices?


The price of crude has jumped 10 percent in the last two months.


Several refineries have also shut down for maintenance before switching to summer gasoline.


There is a silver lining.


Chicago no longer has the highest gas prices in the nation.
It actually ranks tenth, behind locations in California and Hawaii.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Incompetence in repairing Refineries being used as latest excuse:

Too bad they are rewarded for the incomptence, even members here involved with the incompetence are proud of being a dead beat worker because it lines their pockets.

2-19-2013

http://www.bloomberg.com/news/2013-...on-refinery-repairs-oil-rally.html?cmpid=yhoo

Gasoline Pump Prices Soaring on Refinery Repairs



U.S. consumers facing the highest gasoline pump prices ever for February may see further increases as global crude oil futures climb and breakdowns and seasonal maintenance at refineries reduce fuel supplies.

Gasoline futures have surged 11 percent this year, making the fuel the top performing commodity in the Standard & Poor’s GSCI index. Prices at the pump are up 14 percent this year and have risen 33 straight days, according to AAA data.

Unit breakdowns and seasonal repairs reduced refinery processing by 8.3 percent since mid-December, cutting fuel production, Energy Information Administration data show. Regular gasoline has jumped 45.6 cents this year, the fastest increase in AAA data back to 2005.

Hedge funds increased net-long positions in gasoline futures to 90,120 contracts of futures and options in the week ended Feb. 12, the most since April, the Commodity Futures Trading Commission reported Feb. 15.

An average of 1.5 million barrels a day of refining capacity will be offline for planned work from January through May, according to Amrita Sen, chief oil market strategist at Energy Aspects Ltd., a research consulting company in London.

Refinery Incompetence


On the East Coast, which includes New York Harbor, delivery point for the Nymex contract, Hess Corp. will close its Port Reading, New Jersey, plant later this month. It represents 7.7 percent of East Coast gasoline-making capacity, estimated Andy Lipow, president of Lipow Oil Associates LLC in Houston.

On the Gulf Coast, Motiva Enterprises LLC is shutting units for work at its Port Arthur, Texas, refinery, the largest in the U.S. The plant’s new 325,000-barrel-a-day crude unit, plagued with fires and leaks since its May debut, is running at about 80 percent of capacity.

Philadelphia Energy Solutions shut the Girard Point section of its plant, the largest near the New York trading hub, in late January for 60 days of planned work.

BP Plc’s Whiting, Indiana, refinery, the biggest serving the Chicago market, won’t bring its 225,000-barrel-a-day crude unit back online until the middle of this year after shutting it in November to convert the unit to process Canadian crude, Chief Executive Officer Bob Dudley said in the company’s fourth- quarter earnings call on Feb. 5.

Refineries on the U.S. West Coast, including Valero Energy Corp.’s Wilmington and Tesoro Corp.’s Golden Eagle plants, have had to cut fuel production to repair equipment in the past two weeks.

“The plants are down right now,” said Andrew Lebow, a senior vice president at Jefferies Bache LLC in New York. “When they come back, particularly with these healthy margins, they’re going to want to produce full out so the rally is going to be blunted. It’s a matter of timing.”


If refiners are tempted to postpone repairs to capture margins and keep rates elevated for longer period, it could also lead to breakdowns, Schork said.



“The incentive is there for maintenance being postponed because margins are nice and fat,” Schork said.



“It gets into the question of the operational integrity of a system that is pushed to the limit.”
 

Charles Kozierok

Elite Member
May 14, 2012
6,762
1
0
Too bad they are rewarded for the incomptence....

When are you opening a "competently-run" refinery Dave? You could really show 'em how to do it right.

By the way, changing the headlines on a posted news article is intellectual fraud and indicative of someone who is trying to deceive others. The word "incompetence" appears nowhere in the Bloomberg piece, much less a subheader.

I'd say "shame on you", but it's pretty obvious to everyone that you lost your last ounce of that ages ago.
 

Doppel

Lifer
Feb 5, 2011
13,306
3
0
Incompetence in repairing Refineries being used as latest excuse:

Too bad they are rewarded for the incomptence, even members here involved with the incompetence are proud of being a dead beat worker because it lines their pockets.

2-19-2013

http://www.bloomberg.com/news/2013-...on-refinery-repairs-oil-rally.html?cmpid=yhoo

Gasoline Pump Prices Soaring on Refinery Repairs



U.S. consumers facing the highest gasoline pump prices ever for February may see further increases as global crude oil futures climb and breakdowns and seasonal maintenance at refineries reduce fuel supplies.

Gasoline futures have surged 11 percent this year, making the fuel the top performing commodity in the Standard & Poor’s GSCI index. Prices at the pump are up 14 percent this year and have risen 33 straight days, according to AAA data.

Unit breakdowns and seasonal repairs reduced refinery processing by 8.3 percent since mid-December, cutting fuel production, Energy Information Administration data show. Regular gasoline has jumped 45.6 cents this year, the fastest increase in AAA data back to 2005.

Hedge funds increased net-long positions in gasoline futures to 90,120 contracts of futures and options in the week ended Feb. 12, the most since April, the Commodity Futures Trading Commission reported Feb. 15.

An average of 1.5 million barrels a day of refining capacity will be offline for planned work from January through May, according to Amrita Sen, chief oil market strategist at Energy Aspects Ltd., a research consulting company in London.

Refinery Incompetence


On the East Coast, which includes New York Harbor, delivery point for the Nymex contract, Hess Corp. will close its Port Reading, New Jersey, plant later this month. It represents 7.7 percent of East Coast gasoline-making capacity, estimated Andy Lipow, president of Lipow Oil Associates LLC in Houston.

On the Gulf Coast, Motiva Enterprises LLC is shutting units for work at its Port Arthur, Texas, refinery, the largest in the U.S. The plant’s new 325,000-barrel-a-day crude unit, plagued with fires and leaks since its May debut, is running at about 80 percent of capacity.

Philadelphia Energy Solutions shut the Girard Point section of its plant, the largest near the New York trading hub, in late January for 60 days of planned work.

BP Plc’s Whiting, Indiana, refinery, the biggest serving the Chicago market, won’t bring its 225,000-barrel-a-day crude unit back online until the middle of this year after shutting it in November to convert the unit to process Canadian crude, Chief Executive Officer Bob Dudley said in the company’s fourth- quarter earnings call on Feb. 5.

Refineries on the U.S. West Coast, including Valero Energy Corp.’s Wilmington and Tesoro Corp.’s Golden Eagle plants, have had to cut fuel production to repair equipment in the past two weeks.

“The plants are down right now,” said Andrew Lebow, a senior vice president at Jefferies Bache LLC in New York. “When they come back, particularly with these healthy margins, they’re going to want to produce full out so the rally is going to be blunted. It’s a matter of timing.”


If refiners are tempted to postpone repairs to capture margins and keep rates elevated for longer period, it could also lead to breakdowns, Schork said.



“The incentive is there for maintenance being postponed because margins are nice and fat,” Schork said.



“It gets into the question of the operational integrity of a system that is pushed to the limit.”
So now you are inserting made-up article headers. As CK states it is intellectual fraud. Can you please ban yourself until you can play better with others?
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
When are you opening a "competently-run" refinery Dave? You could really show 'em how to do it right.

By the way, changing the headlines on a posted news article is intellectual fraud and indicative of someone who is trying to deceive others. The word "incompetence" appears nowhere in the Bloomberg piece, much less a subheader.

I'd say "shame on you", but it's pretty obvious to everyone that you lost your last ounce of that ages ago.

The article header is right there in front of your eyes but you obviously need glasses.

Absolutely, get me a job running a Refinery and watch how it supped to be done.

It would never happen because of the collusion in this Thug Industry wide Government sponsored Modern Mafia.

The only ones doing deceiving is you and your buds Lopped and Jowo

It's in Black and White for all the world to see.

2-19-2013

http://www.bloomberg.com/news/2013-0...tml?cmpid=yhoo

Gasoline Pump Prices Soaring on Refinery Repairs
 

IndyColtsFan

Lifer
Sep 22, 2007
33,655
687
126
The article header is right there in front of your eyes but you obviously need glasses.

Absolutely, get me a job running a Refinery and watch how it supped to be done.

It would never happen because of the collusion in this Thug Industry wide Government sponsored Modern Mafia.

The only ones doing deceiving is you and your buds Lopped and Jowo

It's in Black and White for all the world to see.

2-19-2013

http://www.bloomberg.com/news/2013-0...tml?cmpid=yhoo

Gasoline Pump Prices Soaring on Refinery Repairs

From the post above, it looks like you're still sniffing gas fumes Dave. You really should stop before it kills the last two brain cells you possess.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
I said at the beginning of the year we will see $6 gas


2-19-2013

http://www.cnbc.com/id/100470514?__source=yahoo|headline|quote|text|&par=yahoo

Will We See $5 Gasoline This Year?

Gasoline prices rose to a near four-month high in the U.S. Tuesday, fueled by a number of refinery closures.

About one million barrels per day of refining capacity has been taken off line on the East Coast and St. Croix, as the industry responds to low margins and shrinking demand.

In January, Hess announced plans to close its Port Reading, N.J., refinery, while refinery shutdowns and planned repairs have cut into gasoline supplies in many parts of the country.

Inventories have also been constrained by refinery closures and mechanical problems that occurred in the wake of super storm Sandy.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Inventories have also been constrained by refinery closures and mechanical problems that occurred in the wake of super storm Sandy.

================================================

Lies Lies and more lies

Gasoline is still the number one export of the United States.

Stop shipping it out of the country and there is no "Inventory Constrained".

How can there be mechanical problems dating back to last October?

People that work in the Thug Industry in here insist they are not incompetent and do a great job.