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

[Zargon]

East coast already out of gasoline, midwest refineries told to start shipping trucks east.

Gas prices skyrocketing.

Probably will surpass Katrina prices.

gas dropped 9 cents here yesterday :sneaky:


although I hate to do it, I was in bucktown this weekend and gas was 4.19 there, but with the air and water show I didnt expect anyone to be dropping gas prices

 

[blackangst1]

Still hovering around $3.21 here in NW Phoenix. Been there, give or take $.10, for a couple of months.

 

[dmcowen674]

gas dropped 9 cents here yesterday :sneaky:


although I hate to do it, I was in bucktown this weekend and gas was 4.19 there, but with the air and water show I didnt expect anyone to be dropping gas prices

Hate to do what?

 

[Doppel]

East coast already out of gasoline, midwest refineries told to start shipping trucks east.

Gas prices skyrocketing.

Probably will surpass Katrina prices.

East coast isn't out of gasoline. Fvck off with this rubbish. Nationally gas prices are up less than two cents in the last few days.

 

[Zargon]

Hate to do what?

come close to legitimizing your gas price claims


I'd hate to have to call one again

 

[Engineer]

All stations here up to $3.59 to $3.69 (from $3.39 lowest yesterday).

 

[Londo_Jowo]

The stations where I live are from $3.29 to $3.39, though the stations close to where I work are running $3.69.

http://www.houstongasprices.com/Shell_Gas_Stations/Sugar_Land/113096/index.aspx

 

[WhipperSnapper]

Hurricane's a comin! Hurricane's a comin! Quick boys, raise the gas prices!

 

[dmcowen674]

Hurricane's a comin! Hurricane's a comin! Quick boys, raise the gas prices!

http://news.yahoo.com/irene-knocks-power-east-coast-refiners-cut-runs-144732990.html

East Coast refiners cut runs



Oil refineries in the U.S. Northeast -- home to 1.2 million barrels per day of capacity -- prepared their plants throughout the week and some scaled back operations. Pipeline operators warned of potential delays for fuel distribution ahead.


ConocoPhillips was cutting rates at its 185,000 barrel per day (bpd) Trainer, Pennsylvania, refinery, sources said on Saturday. On Friday, sources said rates had been cut by 25 percent at Sunoco's Marcus Hook refinery.

 

[Londo_Jowo]

http://news.yahoo.com/irene-knocks-power-east-coast-refiners-cut-runs-144732990.html

East Coast refiners cut runs



Oil refineries in the U.S. Northeast -- home to 1.2 million barrels per day of capacity -- prepared their plants throughout the week and some scaled back operations. Pipeline operators warned of potential delays for fuel distribution ahead.


ConocoPhillips was cutting rates at its 185,000 barrel per day (bpd) Trainer, Pennsylvania, refinery, sources said on Saturday. On Friday, sources said rates had been cut by 25 percent at Sunoco's Marcus Hook refinery.

So are these operators in the refineries supposed to put themselves in harms way?

 

[dmcowen674]

Heading out now, will see how much Oil Thugs are price gouging with storm excuse.

 

[Jaskalas]

So are these operators in the refineries supposed to put themselves in harms way?

He's saying refineries cutting supplies due to the storm is going to impact prices. Really, it's not that far fetched.

 

[soundforbjt]

$3.69 to $3.79 for regular in IL (not Chicago) where I live.

 

[dmcowen674]

Other than normal flooding along the NJ shoreline and snakes coming out they should be able to get those Refineries up and running pretty quick.

No excuses, do your jobs.

 

[Londo_Jowo]

Other than normal flooding along the NJ shoreline and snakes coming out they should be able to get those Refineries up and running pretty quick.

No excuses, do your jobs.

They'll get them up when they've ensured the refinery is safe to start up, safety first. They're also union workers so you shouldn't complain about how long it takes them to get the refinery up and running.

 

[Engineer]

I wonder why that the refineries that were running below capacity in the neighboring midwest areas did not increase production knowing that this storm was coming? Was it because it takes some time to fire up the extra capacity (real question: don't know the answer)?

 

[AznAnarchy99]

Gas jumped 10 cents at certain stations around here to about $3.88.

Costco still holding at $3.55 as of today.

 

[dmcowen674]

Gas jumped 10 cents at certain stations around here to about $3.88.

Costco still holding at $3.55 as of today.

What state are you in?

 

[AznAnarchy99]

What state are you in?

California, Orange County. 33 cent difference between Costco and outside is huge. Ive never seen anything more than a 20 cent diff.

 

[WhipperSnapper]

California, Orange County. 33 cent difference between Costco and outside is huge. Ive never seen anything more than a 20 cent diff.

33 cents/gallon? That would help pay off the price of a Costco membership pretty quickly.

 

[AznAnarchy99]

33 cents/gallon? That would help pay off the price of a Costco membership pretty quickly.

Yup it was for a day. Costco just jumped 11 cents to $3.66. 22 cent difference..

 

[dmcowen674]

The speculators are cranking oil up again, approaching $90 fast:

8-29-2011

http://finance.yahoo.com/news/Oil-r...9.html?x=0&sec=topStories&pos=7&asset=&ccode=

Oil rises on stronger consumer spending


Oil up more than 2 percent with stronger US consumer spending


Benchmark oil rose $1.91, or 2.3 percent, to $87.28 per barrel in midday trading on the New York Mercantile Exchange. Brent crude, used to price international varieties, increased $1.11 to $112.47 per barrel in London.


The Commerce Department said July consumer spending increased by the biggest amount in five months. Consumer spending accounts for 70 percent of the nation's economic activity.


The report is an encouraging sign about the economy despite weak demand for gasoline, PFGBest analyst Phil Flynn said.

Most refineries in the Northeast were spared significant damage from
Hurricane Irene over the weekend. New York Harbor, a major terminal for oil and gasoline imports, also escaped damage.

 

[Kalvin00]

One station near my house is up about 15 cents to 3.83. Station right across the street is still 3.67.

Fucking gougers.

 

[SparkyJJO]

Looking at the charts, when we were paying $3.70 for 87 here in Ohio oil was around $100 a barrel, give or take. It was that way a couple months ago, that way back in 2008, etc... so what I want to know is why we are paying nearly the same amount for gas when oil is under $90 a barrel now. Irritating.

Last week, one station went from $3.29 to $3.75 in a matter of 48 hours. In the days leading up to that, oil was between $82 and $85 a barrel.

 

[dmcowen674]

Another article on Chicago gas prices.

Good luck finding any stations in the city under $4.

8-29-2011

http://chicago.cbslocal.com/2011/08/29/chicagoans-labor-under-higher-gas-prices-unlike-much-of-u-s/

Chicagoans Labor Under Higher Gas Prices


Oil prices are down, but gas prices in Chicago are still going up. The average price for gasoline in Chicago is $3.96 per gallon, according to the Triple A. Yet the national average is $3.61.


Gas prices in Chicago are higher than they were a week ago. That stings.


What gives in Chicago?


“I really thought prices were on their way back down. In the rest of the country, they were starting to break,” says market analyst Phil Flynn, a FOX Business Network contributor. “And here in Chicago we lost a couple of refineries.”


Flynn says that hurts when only a few make the Chicago summer blend.

Then add Hurricane Irene to the mix. Flynn says the hurricane shut down one of the biggest import terminals for oil and gas, causing a price hike.