indiana oil refinery shuts down for maintenance, raising gas prices in midwest

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Meghan54

Lifer
Oct 18, 2009
11,684
5,221
136
I live very near Anderson, SC and near the GA/SC border. Gas in the GA area nearby went up ~.08/gal. In Anderson, it went up .02/gal.
 

brianmanahan

Lifer
Sep 2, 2006
24,406
5,847
136
2014 Lexus LCertified GS350 F Sport (20k miles). Obsidian with the Cabernet interior.

nice. i might get a sweet car someday once i save up a decent amount of money. right now i only let myself spend max %5 of net worth on a vehicle, and it's gotta last 10 years.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
2-26-2016

Here we go, a little delayed but the result will be the same as every year. The same tired bullshit excuses the oil thugs and their supporters on here push. All of sudden their is no oil and the refineries can't make the same blend they are charged to make every year.

https://finance.yahoo.com/news/oil-prices-dip-continued-oversupply-010728609.htmlhttp://


Oil up 3 percent on outages, equities rally; big week for U.S crude



Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices fuelled by U.S. growth data.


Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. The disruptions should offset recent increases to supply from Iran, analysts said.


U.S. crude rose 83 cents, or 2.5 percent, to $33.90 a barrel, after gaining almost $1.70 earlier. For the week, it was up 14 percent, rising without pause for five days for its steepest rise since January 2009.
Some analysts and traders were pricing oil higher in the near-term.


Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.
 

nickqt

Diamond Member
Jan 15, 2015
7,678
8,055
136
2-26-2016

Here we go, a little delayed but the result will be the same as every year. The same tired bullshit excuses the oil thugs and their supporters on here push. All of sudden their is no oil and the refineries can't make the same blend they are charged to make every year.

https://finance.yahoo.com/news/oil-prices-dip-continued-oversupply-010728609.htmlhttp://


Oil up 3 percent on outages, equities rally; big week for U.S crude



Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices fuelled by U.S. growth data.


Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. The disruptions should offset recent increases to supply from Iran, analysts said.


U.S. crude rose 83 cents, or 2.5 percent, to $33.90 a barrel, after gaining almost $1.70 earlier. For the week, it was up 14 percent, rising without pause for five days for its steepest rise since January 2009.
Some analysts and traders were pricing oil higher in the near-term.


Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.
Yep, I bet my gas is going to hover around $1.59 for another week, and then drop another 3 cents.

Those f-ing oil thugs.
 

PricklyPete

Lifer
Sep 17, 2002
14,582
162
106
2-26-2016

Here we go, a little delayed but the result will be the same as every year. The same tired bullshit excuses the oil thugs and their supporters on here push. All of sudden their is no oil and the refineries can't make the same blend they are charged to make every year.

https://finance.yahoo.com/news/oil-prices-dip-continued-oversupply-010728609.htmlhttp://


Oil up 3 percent on outages, equities rally; big week for U.S crude



Oil rallied 3 percent on Friday, with U.S. crude futures headed for its largest weekly gain in seven years, after supply disruptions in Iraq and Nigeria and higher equity prices fuelled by U.S. growth data.


Pipeline outages in Iraq and Nigeria have removed more than 800,000 barrels of crude oil per day from the market for at least the next two weeks. The disruptions should offset recent increases to supply from Iran, analysts said.


U.S. crude rose 83 cents, or 2.5 percent, to $33.90 a barrel, after gaining almost $1.70 earlier. For the week, it was up 14 percent, rising without pause for five days for its steepest rise since January 2009.
Some analysts and traders were pricing oil higher in the near-term.


Jeffrey Grossman, dealer at New York's BRG Brokerage, said he expected U.S. crude to trade at over $40 by end of March.


Good god you have the mind of a goldfish.
 

Phynaz

Lifer
Mar 13, 2006
10,140
819
126
OPEC freeze leads to Oil jumping $5 and still climbing.
Stock Market up triple digits.

Would not be surprised to see 60 cent jump at the pump tonight back into $2.50 range.

Would not be surprised to see you still aren't a contributing member of society.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Will Trump Nationalize the Oil Thug Industry?

U.S. oil drilling lowest since 1859, only 502 active oil rigs.


Oil expected to pass $150 or higher once inventories run out



3-2-2016



U.S. oil and gas drillers ready to party like it's 1859





The energy business in the U.S. is about to travel 150 years back in time.



Oil and gas companies have cut so much spending amid the biggest price crash in a generation that there are only 502 drilling rigs still active in the country

“While there is no consistent series for drilling activity before 1948, we think it likely that to find a lower level of activity would require going back to the 1860s, the early part of the Pennsylvania oil boom,” Hornsell said in a research note today.


The Pennsylvania oil rush began in 1859, when Colonel Edwin Drake struck rock oil near the town of Titusville in the western part of the state.
 

Darwin333

Lifer
Dec 11, 2006
19,946
2,329
126
Wait, so when oil prices are at absurd lows and the vast majority of the easy and cheap oil has already been drilled you are surprised that they aren't drilling oil that won't be profitable?

And to predict that oil is going to jump roughly 500% because of it??? On a good note if you are half as prophetic as you think you are then you should be making a fortune in the market. What do you care about gas prices when you should be able to make millions upon millions investing in your prophecies.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Wait, so when oil prices are at absurd lows and the vast majority of the easy and cheap oil has already been drilled you are surprised that they aren't drilling oil that won't be profitable?

And to predict that oil is going to jump roughly 500% because of it??? On a good note if you are half as prophetic as you think you are then you should be making a fortune in the market. What do you care about gas prices when you should be able to make millions upon millions investing in your prophecies.

You are right, if I had money to put into the Stock Market I would probably have more money than Trump even.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
3-7-2016

Oil up to $40, they are running down the winter blend, ready to roll out the usual excuses that they can't make enough of the summer blend they have to make every year.

How high will they make gas this year?

https://finance.yahoo.com/news/oil-nears-40-bets-rising-140600926.html

Oil hits $40 as bets on rising prices hit record highs



Oil prices surged to three-month highs on Monday, as improving sentiment in financial markets helped support prices and data revealed investors have dramatically upped their bets on the price of oil rising.


Front-month Brent crude future (Intercontinental Exchange Europe: @LCO.1)s traded as high as $40.26, up close to 4 percent and trading at its highest level since early December on Monday in afternoon trade.



Investors have increased their net long positions in internationally traded Brent crude from 22,171 lots to 342,460 in the week to March 1, which is the highest level on record, since ICE began collecting data in 2011.
 
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