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#151 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 184,641
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#152 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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No it isn't....you were\are trying to be purposely obtuse for some reason...
Oil hits it's lowest price in over 6 years and gas is no where even close to the lows of this year......justify that ....oh wait...refinery...my bad |
Posts: 129,172
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#153 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
There are a few other items which significantly contribute to the higher than usual price delta. |
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Posts: 184,641
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#154 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
so ****ing convenient... |
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Posts: 129,172
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#155 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 184,641
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#156 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,172
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#157 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Pete, when a refinery shutsdown, they aren't refining crude and selling the refined products. So, yes, refiners REALLY don't like shutting down.
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Posts: 184,641
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#158 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,172
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#159 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
Prices are expected to continue to rise in the short term, as BP’s refinery in Whiting, Indiana — the largest in the Midwest and seventh-largest in the nation — wrestles with “unscheduled repair work” that shut down the biggest of its three crude distillation units Aug. 8. So, you are asserting that BP decided to intentionally shutdown the biggest of its three DUs in order to raise prices of the gasoline, correct? In essence, willingly remove more than one third of its refining capacity, as well. |
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Posts: 184,641
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#160 |
You gotta kill a few people
Join Date: Sep 2007
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So when all of these refineries wrap up their maintenance and shutdowns, assuming crude maintains its current trade price, will we see a massive fall in gas prices or will it be incremental? Or will it happen at all?
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Posts: 45,102
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#161 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Quote:
I'm sure when BP reports their record profits, this won't be brought up |
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Posts: 129,172
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#162 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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"Experts" say the price will decline once the refinery is back online. Now of course, that assumes that oil hasn't gone back up in price in the mean time.
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Posts: 129,172
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#163 |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Posts: 184,641
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#164 | |
"Think BOOM!"
Join Date: Nov 2003
Location: 33.675° N 106.475° W
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Quote:
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Posts: 184,641
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#165 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,172
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