EVEN MORE Refinery Shutdowns!! WHAT IS GOING ON!?

0 comments Thursday, 05-17-07 | Posted By Patrick | Commentary

From Bloomberg:

Gasoline futures jumped 4.3 percent yesterday after Sunoco Inc. shut a 36,000 barrel-a-day gasoline pipeline supplying Buffalo, New York and ConocoPhillips shut a unit at its Borger, Texas, refinery for five weeks of maintenance. BP Plc will shut a 115,000 barrel-a-day gasoline unit at its Texas City plant for 11 days, Reuters reported, citing a trader it didn’t name.

ARE YOU KIDDING ME?!

Tags: fire, futures, gasoline, maintenance, refinery, report, shutdown

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The Latest (via Twitter):

It is likely a spike will happen tomorrow. Indiana and Ohio will see $2.69-2.75, Michigan and NW Indiana will see $2.79-2.85. -- BE 10:42:12 PM August 30, 2010 from web

The 0-cent margin price this evening is about $2.38, so I am predicting more price cuts and no hike for at least the rest of the week. - EA 12:47:47 AM August 24, 2010 from web

The 20-cent margin price is about $2.73. With retail prices in the $2.69-$2.85 range right now, we are set up for some nice price drops.-EA 02:12:02 PM August 12, 2010 from web

Wholesale prices rising to above $2.10, and that corresponds to retail prices near $2.89. Prices below $2.79. That's a recipe for a hike.-EA 06:24:29 PM August 02, 2010 from web

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