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0 comments Tuesday 04 Sep 2007 | Posted By Patrick | Commentary

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 [...]

0 comments Thursday 30 Aug 2007 | Posted By Patrick | Commentary

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 [...]

1 comment Sunday 15 Jul 2007 | Posted By Patrick | Commentary

From The Chicago Tribune: An enormous BP oil refinery in Indiana is planning to pour significantly more ammonia and industrial sludge into Lake Michigan, it was reported. The move by the British Petroleum oil refinery of Whiting, Ind., runs counter to years of efforts to clean up the U.S. Great Lakes, The Chicago Tribune reported [...]

0 comments Thursday 12 Jul 2007 | Posted By Patrick | Commentary

From Bloomberg: BP Plc will begin startup today of a unit at its Whiting, Indiana, refinery, the biggest in the Midwest. The 235,000 barrel-a-day crude unit, which was shut July 9 for unplanned maintenance, is expected to be at full rates by next week, a person familiar with the plant’s status said. The refinery can [...]

0 comments Thursday 07 Jun 2007 | Posted By Patrick | Predictions

Looks like Valero, the largest U.S. refiner has announced plans to shut some of its smaller units for maintenance- one because of a power failure June 1, the others unknown. Midwest storage zoomed up to 48 million barrels this past week, signaling more supply and a southward pressure on local prices. If this trend continues [...]

0 comments Thursday 17 May 2007 | 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, [...]