| Author | Post |
|---|
empty
Supporter
| Joined: | Tue Jun 28th, 2005 |
| Location: | Plano, Texas USA |
| Posts: | 1635 |
| Status: |
Offline
|
|
Posted: Mon May 7th, 2007 04:46 pm |
|
| There are still some tore up refineries in south Texas from the hurricane that came after Katrina.
|
jeffy ole boy
Supporter
|
Posted: Mon May 7th, 2007 03:32 pm |
|
Dave wrote: One of the nation's largest refineries, a BP PLC plant in Indiana that processes more than 400,000 barrels of oil per day, will not be operating at full capacity for several months due to unexpected repairs.
Sounds like in my home state we'll for sure be paying more for gas... LOL
|
Dave
Super Moderator
|
Posted: Mon May 7th, 2007 03:23 pm |
|
Survey: Gas Prices Reach Record Average
CAMARILLO, Calif. — Gasoline prices have surged to a record nationwide average of $3.07 per gallon, nearly 20 cents higher than two weeks earlier, oil industry analyst Trilby Lundberg said Sunday. The previous record was $3.03 per gallon on Aug. 11, 2006.
But despite inventory fears that have sent prices higher, there are signs that the rising prices at the pump may be peaking.
Just two weeks ago, the U.S. average for a gallon of regular gas was $2.87, but the Lundberg Survey of 7,000 stations nationwide on Friday showed an increase of about 19.5 cents to $3.07. That's up 88.4 cents since Jan. 19, Lundberg said.
The nationwide average for mid-grade gasoline was $3.18 and premium was $3.28.
The nation's lowest average pump price was $2.80 per gallon in Charleston, S.C., while the highest was $3.49 in San Francisco.
The recent increases are due mostly to refinery problems, Lundberg said, noting there have been at least a dozen additional partial shutdowns in the U.S. and internationally that cut refining capacity.
One of the nation's largest refineries, a BP PLC plant in Indiana that processes more than 400,000 barrels of oil per day, will not be operating at full capacity for several months due to unexpected repairs.
Other examples include a 170,000-barrel-per-day plant in McKee, Texas, that was shut down for a month, and a 470,000 barrels-per-day plant in Texas City operating at less than half capacity.
The outages have been reflected in weekly government data which has shown gasoline inventories falling during a season when most analysts think they should be rising. Summer driving begins Memorial Day weekend, and analysts worry refineries won't be producing enough gasoline by then to meet demand.
The Oil Price Information Service and AAA reported Friday that the national average price of a gallon of gasoline hit $3.012 that day, up 2.1 cents overnight.
Despite prices at the pump climbing past the $3 mark, analysts have said the inventory fears can only go so far, as evidenced by recent declines in oil and gas futures. Retail prices generally lag the futures markets, so consumers can end up paying more for gas even as futures prices drop.
Gasoline futures for June delivery have dropped in the last week, falling 3.12 cents Friday to settle at $2.2164 a gallon on the New York Mercantile Exchange.
http://www.chron.com/disp/story.mpl/ap/fn/4780208.html
|
jeffy ole boy
Supporter
|
Posted: Mon May 7th, 2007 02:07 pm |
|
| I can't for the life of me understand why the hell we can't open up new reserves in this Country.. Start drilling man! The Caribou with still find a way to mate! JMHO-
|
marc
Supporter
|
Posted: Mon May 7th, 2007 11:56 am |
|
Randy in Pensacola wrote: Dave wrote: jeffy ole boy wrote: Dave wrote: $3.74 for Mobile 91 octane (premium) Thats a record high huh? As far I know it is, at least for this area... Just cant wait for a hurricane this year and it shuts down the refineries....It will probably hit $5.00 a gallon..... I see Mad Maxx days a commin. LOL...Saw that movie and others last weekend...They ran all the old Mel Gibson movies on FX last weekend...
|
Randy in Pensacola
Super Moderator
| Joined: | Wed Nov 3rd, 2004 |
| Location: | |
| Posts: | 676 |
| Status: |
Offline
|
|
Posted: Mon May 7th, 2007 11:40 am |
|
Dave wrote: jeffy ole boy wrote: Dave wrote: $3.74 for Mobile 91 octane (premium) Thats a record high huh? As far I know it is, at least for this area... Just cant wait for a hurricane this year and it shuts down the refineries....It will probably hit $5.00 a gallon..... I see Mad Maxx days a commin.
|
Dave
Super Moderator
|
Posted: Mon May 7th, 2007 10:18 am |
|
jeffy ole boy wrote: Dave wrote: $3.74 for Mobile 91 octane (premium) Thats a record high huh? As far I know it is, at least for this area...
|
jeffy ole boy
Supporter
|
Posted: Mon May 7th, 2007 01:31 am |
|
Dave wrote: $3.74 for Mobile 91 octane (premium) Thats a record high huh?
|
Dave
Super Moderator
|
Posted: Mon May 7th, 2007 01:27 am |
|
| $3.74 for Mobile 91 octane (premium)
|
jeffy ole boy
Supporter
|
Posted: Sun May 6th, 2007 11:12 pm |
|
| Its even higher here for Premium $3.24 for Shell. Hey May 15 is buy no gas day.
|
marc
Supporter
|
Posted: Sun May 6th, 2007 10:12 pm |
|
| Damn...Paid $3.05 for premium yesterday...
|
Dave
Super Moderator
|
Posted: Sun Apr 8th, 2007 10:59 am |
|
I don't know Jeff...
Last I heard, we were still payin' more than Hawaii...
|
jeffy ole boy
Supporter
|
Posted: Sun Apr 8th, 2007 12:56 am |
|
Dave wrote:
Been payin' $3.35 for 91 octane in the bike the last couple of weeks...
Put gas in my truck today, $3.21 for 87 octane...
It'll probably drop a few cents after the Holiday weekends over. It always does around here anyway. Greed, if we could all just not buy any gas for about 3 days it would really drop I bet.
|
Dave
Super Moderator
|
Posted: Sun Apr 8th, 2007 12:46 am |
|
Been payin' $3.35 for 91 octane in the bike the last couple of weeks...
Put gas in my truck today, $3.21 for 87 octane...
|
jeffy ole boy
Supporter
|
Posted: Sun Apr 8th, 2007 12:07 am |
|
Yep its on the way up Summers approaching... them bastards..
$2.85 for reg here.$3.05 premium
|
marc
Supporter
|
Posted: Sat Apr 7th, 2007 06:11 pm |
|
| $2.57 Regular...$2.71 Plus & $2.81 for Premium...
|
Dave
Super Moderator
|
Posted: Sun Mar 18th, 2007 03:13 pm |
|
marc wrote:
Dave wrote: Prices there ain' that bad Marc...
I paid $3.21 a gallon for 91 octane Friday... Holy Shit!!! This shows the local prices for "Regular"...
http://www.losangelesgasprices.com/Map_Gas_Prices.aspx?zip=91016
|
marc
Supporter
|
Posted: Sun Mar 18th, 2007 03:09 pm |
|
Dave wrote: Prices there ain' that bad Marc...
I paid $3.21 a gallon for 91 octane Friday... Holy Shit!!!
|
Dave
Super Moderator
|
Posted: Sun Mar 18th, 2007 03:00 pm |
|
| The "Story" they're tellin' us now is the change-over from winter to summer blend.
|
weasle
Supporter
| Joined: | Thu Nov 4th, 2004 |
| Location: | Tiffin, Ohio USA |
| Posts: | 855 |
| Status: |
Offline
|
|
Posted: Sun Mar 18th, 2007 02:58 pm |
|
| ah sorry about that. oldtimers ??? LOL. damned that sucks , you got any idea why its so high out their compared to the rest of the country ??
|
|
|
