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0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From toledoblade.com: Sunoco plans repairs at Toledo refinery Sunoco Inc., the largest oil refiner in the eastern United States, said it plans to shut a fluid catalytic cracker and crude unit in Toledo for repairs next fall, with the possibility that part of the unit would be shut down as early as March.Top company officials [...]

0 comments Thursday 13 Dec 2007 | Posted By Patrick | Commentary

From ArabianBusiness.com: Aramco starts work on US refinery expansion update Motiva Enterprise, a joint venture between Saudi Aramco and Royal Dutch Shell, has started work on expanding its Port Arthur refinery to make it the largest in the US, Aramco said on Tuesday.Once completed in 2010, the expansion project will almost double the refinery’s capacity [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Commentary

Only a month late to finish a complete restart (original deadline was 11/15), BP will finish its planned maintenance at its Toledo, Ohio refinery. With Midwest and Nationwide gasoline stockpiles suffering, the time couldn’t be better. The capacity at the refinery is 160,000bpd. According to Reuters, the refinery should be completely operational by the end [...]

0 comments Monday 10 Dec 2007 | Posted By Patrick | Predictions

As we work our way down to 2.79 and possibly lower, keep in mind that a price hike will near as we get closer to 2.75. Gasoline futures have dropped so the prices will follow, but keep in mind, we’re still not in the best shape… I’ll be somewhat penciling in a hike for later [...]

0 comments Wednesday 05 Dec 2007 | Posted By Patrick | Predictions

DOE report was just released… Highlights: >Crude oil inventories dropped 8 million barrels. However, they are still in the upper half of the average range for this time of year.>Gasoline inventories rose 4 mllion barrels. However, they are still below the lower end of the average range for this time of year.>Distillate inventories rose 1.4 [...]

0 comments Wednesday 21 Nov 2007 | Posted By Patrick | Commentary

I’m sitting here waiting for oil to hit $100 per barrel. What new news is there? Nothing major. Just the traders and investors pouring billions into the crude markets. Is this going to affect us? Yes. $4 diesel and $3.25 gasoline should be commonplace unless something changes soon! And guess what- for Spring…? how about [...]