From CNBC.com (and The Toledo Blade below):
Midwest oil refineries are planning a heavy load of maintenance this autumn that could keep fuel supplies in the heartland tight through the rest of the year, according to a Reuters survey released Thursday.
Other regions of the United States, however, could see a lighter-then-normal fall maintenance season after many [...]
0 comments Thursday 30 Aug 2007 | Patrick | Commentary
From CNN.com:
JACKSON, Miss. (AP)–Chevron Corp.’s (CVX) largest U.S. refinery is processing less crude oil than normal since a fire two weeks ago, but company officials say they are still meeting their customers’ demands.
The oil fire started Aug. 16 in a processing unit near the center of the Pascagoula plant, causing the [...]
0 comments Thursday 30 Aug 2007 | Patrick | Commentary
Marathon announced yesterday that it is exploring a $1 billion expansion of its Detroit refinery- holding the promise of stabilizing gas prices in the region and creating some jobs.
Marathon is studying adding a “whopping” 15,000 barrels per day (at BEST possibly 420,000 gallons of gasoline per day) to the refinery. What do I have to [...]
0 comments Wednesday 29 Aug 2007 | Patrick | Commentary
Benchmark station in Indiana jumped from 2.89 to 3.09 this evening. As many know, I commonly refer to this station due to its ability to determine GR prices.
Due to this station jumping this evening, I am now expecting local prices to shoot to $3.19-$3.29.
I’m sure MANY folks are going to roll out the “BEFORE A [...]
0 comments Tuesday 28 Aug 2007 | Patrick | Predictions
Monday, August 27, 2007, 7:15 PM: With the new academic year, I haven’t had much time to follow gas prices the past 10 days, but I have noticed the AXXIS prices (see Links) heading up over the past several days. Given that prices are as low as $2.82 in town, I am in [...]
0 comments Monday 27 Aug 2007 | Ed Aboufadel | Predictions
Just to throw this out there: I’m expecting a rehike to $2.99-$3.09 as soon as today but more likely tomorrow or Wednesday. The Chicago Premium is back (as noted a few posts ago) due to midwest refinery problems (thanks to the heavy heavy flooding in Ohio)
On another note, there is extreme flooding in Findlay, Ohio [...]
0 comments Monday 27 Aug 2007 | Patrick | Commentary
