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

[Phynaz]

Oil over $40 today

Gas prices jumping

Indianapolis
Pre-Hike Average
2.05
Price Hike Alert
Projected Average
2.19 +/- 0.06

Indianapolis gas is at $1.92, projected to fall.

Now what Dave?

 

[dmcowen674]

4-19-2016

https://finance.yahoo.com/news/doha-failed-country-driving-oil-203217379.html

After Doha failed, this country drove oil prices



Striking Kuwaiti oil workers significantly disrupted oil production, temporarily halting production of about the same amount of crude that the world is oversupplying each day.


West Texas Intermediate futures (New York Mercantile Exchange: @CL.1) for May gained 3.3 percent on Wednesday to settle at $41.08 per barrel. June futures were up 3.1 percent, to $42.47 per barrel.

Oil prices Tuesday defied expectations, surging on the Kuwait strike instead of dropping after the weekend's failed meeting of crude-producing nations. Oil was lower after the report and also after a new report showing a bigger U.S. inventory build.

 

[Udgnim]

Kuwaiti strike is already over and oil prices are dropping back down

 

[Londo_Jowo]

Kuwaiti strike is already over and oil prices are dropping back down

McOwned only rants/raves over rising oil/gas prices and completely ignores the prices when they're dropping.

 

[Phynaz]

Indianapolis gas is at $1.92, projected to fall.

Now what Dave?

Indianapolis gas is at $1.87.

Dave?

Are you there Dave?

 

[dmcowen674]

Indianapolis gas is at $1.87.

Dave?

Are you there Dave?

You would be wrong.

You like most of the dolts here suck at Internets 101 so here is a link for you:

http://www.indygasprices.com/

Indianapolis
Pre-Hike Average
1.99
Price Hike Alert
Projected Average
2.25 +/- 0.06

Gas Prices could be jumping in your area.​

Stations all around here are at $2.25

 

[Pulsar]

You would be wrong.

You like most of the dolts here suck at Internets 101 so here is a link for you:

http://www.indygasprices.com/

Indianapolis
Pre-Hike Average
1.99
Price Hike Alert
Projected Average
2.25 +/- 0.06

Gas Prices could be jumping in your area.​

Stations all around here are at $2.25

You are lieing again Dave. Blatently.

The HIGHEST prices found in Indy are 2.25. The lowest are 1.89. The average is around $2.

I guess you just happen to live around the highest priced stations in Indy. Or it just conveniently fits your psychosis so you go with the high prices.

 

[Ns1]

At what $/barrel does shale become profitable? Because that's probably the ceiling for oil prices.

 

[charrison]

At what $/barrel does shale become profitable? Because that's probably the ceiling for oil prices.

$40-$60 barrel. Down from $80+ when the shale plays started.

 

[Ns1]

$40-$60 barrel. Down from $80+ when the shale plays started.

that's what I call progress :thumbsup:

 

[dmcowen674]

4-27-2016

Oil has passed $45

Gas jumped 30 cents today, a lot more to come when the yearly summer blend excuse comes that they can't make enough of it.

 

[Capt Caveman]

4-27-2016

Oil has passed $45

Gas jumped 30 cents today, a lot more to come when the yearly summer blend excuse comes that they can't make enough of it.

Drive to $5, right retard? :biggrin:

 

[Meghan54]

Drive to $5, right retard? :biggrin:

LOL!

You think he's retarded about the "Drive to $5" bleating he does, just try to get him to explain and justify how he'd get his sentiment he professes in his sig accomplished (esp. the bolded part.....FORCING private companies to set a price):

The Gas Industry system is backwards. Instead of getting rewarded for incompetence they should be forced to lower the price thus getting lower profits while they are being incompetent.

BTW......ask Dave anything about that and you'll end up on Dave's LIST!!!!

 

[Londo_Jowo]

Yet there are plenty of stations charging $2.02/gal but we all know McOwned only fills up at the one's charging $2.39/gal.

http://www.indygasprices.com/

 

[nickqt]

4-27-2016

Oil has passed $45

Gas jumped 30 cents today, a lot more to come when the yearly summer blend excuse comes that they can't make enough of it.

Seriously, you still post as if anyone takes you seriously?

Please proceed, I guess.

 

[heymrdj]

We saw the .30$ jump. Gas here in FW is 2.39 for low grade.

 

[Ketchup]

It's 1.99. Can't believe we are already touching $2 a gallon again. I think it's all a big game.

 

[Londo_Jowo]

RaceTrac close to the hotel is $1.89/gal

 

[akenbennu]

Around $2.30 here, but it is Derby week. Price gouging expected.

 

[brianmanahan]

just had a 30 cent jump in ohio

thx oil thugs AKA economy

 

[nickqt]

Gasoline drilled and extracted from Africa or South America, shipped to the United States in a massive ship, refined, and then shipped again to a convenient gas station 1/2 a mile from my house is hovering at $2.00 a gallon. Slightly cheaper than a gallon of milk.

God damn oil thugs are at it again.

 

[dmcowen674]

Well here it is, just as I said the Thugs would do, claiming there is no oil again:

5-11-2016

http://peakoil.com/geology/the-massive-decline-in-crude-oil-reserves

The Massive Decline In Crude Oil Reserves



Annual reports have now been filed, so the results are in. Of the 125 oil and gas companies in my database that reported proved reserves to the SEC, 92 reported declines in their proved oil reserves. The largest decline was reported by Royal Dutch Shell, which saw a decline of 827 million barrels in its proved oil reserves in 2015. Other large declines were recorded by Occidental (461 million barrels), Hess (246 million barrels), Apache (225 million barrels), and Anadarko (216 million barrels).


http://finance.yahoo.com/news/oil-hits-6-month-high-222138592.html

Oil Hits 6-Month High on Crude Inventory Draw



Crude oil futures rose 3.5 percent in mid-afternoon trading on Wednesday, following official data earlier in the day showing a 3.4-million drop in crude inventories and a fall in crude output to 8.8 million barrels per day, the lowest since the fourth quarter of 2014.


This jump is higher than any closing price the commodity has seen since November of last year.


July deliveries for Brent crude rose US$1.63, or 3.6 percent, to $47.15 per barrel on the London-based ICE Futures Europe exchange.

 

[ralfy]

There's always a lot of oil available. The problem is the cost of obtaining most of it.

 

[Meghan54]

OPEC signals greater oil glut in 2016 as its output surges

OPEC said the global oil market is oversupplied and signaled the glut may increase this year, as surging output from its members makes up for losses from other countries whose production has been hit by a price fall.

The report points to a 950,000-bpd surplus on average in 2016 if OPEC keeps pumping at April's rate, up from 790,000 bpd implied in last month's report.

http://www.reuters.com/article/us-opec-oil-idUSKCN0Y41L5



Oil prices rise on Nigeria outages, Goldman forecast

Oil prices jumped over 2 percent on Monday to their highest since November 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.

http://www.reuters.com/article/us-global-oil-idUSKCN0Y703M



So, I can see why Dave gets so confused when OPEC publishes one thing and Goldman says another.

 

[Udgnim]

130 NA Oil & Gas bankruptcies since 2015

http://seekingalpha.com/news/3183045-energy-bankruptcies-pile

US oil rig count down to 318 (-52% Year over year)

http://seekingalpha.com/news/3183223-u-s-oil-rig-count-slides-10-eighth-straight-decline

Chevron Year over Year Revenue $23.56B (-31.8%)

Exxon Year over Year Revenue $48.71B (-28.0%)

Shell Year over Year Revenue $48.55B (-26.1%)

Venezuela falling apart due to low oil

Saudi Arabia refuses to take part in setting a production ceiling in the most recent OPEC meeting

big oil still out to get you though