I’ve just refreshed the latest Speedway pricing at local stations and see they absolutely outdid themselves (again!) to 3.24. Not only was this overkill, but we should see prices fall a little back to the realm of reality ($3.15-$3.24).
Expect local prices to stay high as the Midwest takes a huge hit in the next week with the highest percentage of production shut down for maintenance. Many refiners have been running nonstop since Katrina nearly two years ago. BP plans to CLOSE its Toledo, Ohio refinery completely for 4-8 weeks for what seems to be a complete overhaul.
Many other refineries have also gone down or plan to in the next few weeks. To stay on top of this, I have come up with something completely new, *again*. 🙂 I think its a really cool tool, derived off news and press releases. Refinery status can now be viewed on the “Computing Gas Prices” page at the top. I will edit it as I receive or hunt down news on refinery shut downs. It is based solely on news I receive. If I receive no news on a refinery, I expect that refinery to be running 90% production.
It’ll give you a small glimpse of the status of local and some national refineries.
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