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

[Londo_Jowo]

So how many stations did you have to pass with prices at $2/gal to get to the one that was at $2.49/gal?

You do realize we can check www.indygasprices.com right?

 

[brycejones]

Wow, biggest jump I've seen in a long long time. 75 cent jump, stations here went from $1.74 to $2.49
Did something big happen? Refinery bullshit? Middle East Bullshit? What?

Or just bullshit on your part. You really should let this thread, its an embarrassment to you.

 

[brycejones]

You do realize we can check www.indygasprices.com right?

Fake news!

 

[PricklyPete]

With dave's constant bickering about gas, I'm mystified why he hasn't picked up a used Nissan Leaf or something similar. Do us all a favor Dave and get yourself an electric car so you can start posting bullshit about some other industry you think is repressing you...this oil schtick is getting old.

 

[jman19]

Oh yes, the drive for five is back on!

When will we hear about $8 / gallon milk?

 

[Meghan54]

Oh yes, the drive for five is back on!

When will we hear about $8 / gallon milk?

Right after we have to have two forms of identification to purchase vinegar.

 

[allisolm]

Wow, biggest jump I've seen in a long long time. 75 cent jump, stations here went from $1.74 to $2.49

Dave's alternative facts

 

[Drako]

Just when I thought this thread had died ...

 

[jman19]

Right after we have to have two forms of identification to purchase vinegar.

Bwahaha... forgot about that one.

Gold, Jerry, gold.

 

[brianmanahan]

still 1.93$ where i'm at

 

[dmcowen674]

2-2-2017
We don't use our own oil at the Refineries
https://www.axios.com/american-oil-boom-u-s-now-lapping-some-opec-nations-2232891445.html
The U.S. is lapping 4 OPEC nations in oil exports

The United States is on pace to export more oil than four OPEC nations — Libya, Qatar, Ecuador and Gabon — produce combined

The reason is America's resilient shale oil and gas sector, which has ramped up production every time oil prices sneak high enough to make exploiting such reserves profitable.

Why not use the oil ourselves? Many U.S. refineries aren't built to handle the type of crude oil that comes from Texas' Permian Basin, where much of the new, recent production has occurred. So we export some crude oil while still importing other types.

 

[brycejones]

2-2-2017
We don't use our own oil at the Refineries
https://www.axios.com/american-oil-boom-u-s-now-lapping-some-opec-nations-2232891445.html
The U.S. is lapping 4 OPEC nations in oil exports

The United States is on pace to export more oil than four OPEC nations — Libya, Qatar, Ecuador and Gabon — produce combined

The reason is America's resilient shale oil and gas sector, which has ramped up production every time oil prices sneak high enough to make exploiting such reserves profitable.

Why not use the oil ourselves? Many U.S. refineries aren't built to handle the type of crude oil that comes from Texas' Permian Basin, where much of the new, recent production has occurred. So we export some crude oil while still importing other types.

So?

 

[Londo_Jowo]

2-2-2017
We don't use our own oil at the Refineries
https://www.axios.com/american-oil-boom-u-s-now-lapping-some-opec-nations-2232891445.html
The U.S. is lapping 4 OPEC nations in oil exports

The United States is on pace to export more oil than four OPEC nations — Libya, Qatar, Ecuador and Gabon — produce combined

The reason is America's resilient shale oil and gas sector, which has ramped up production every time oil prices sneak high enough to make exploiting such reserves profitable.

Why not use the oil ourselves? Many U.S. refineries aren't built to handle the type of crude oil that comes from Texas' Permian Basin, where much of the new, recent production has occurred. So we export some crude oil while still importing other types.

BS article is BS, WTI comes from the Texas Permian Basin and is refined in the US gulf region.

 

[dmcowen674]

2-15-2017

Did anyone notice that there is now a 60 cent spread between Regular Unleaded and Premium now?

http://business.gasbuddy.com/spring-sting-farewell-cheap-gas-prices-on-the-rise/

Spring Sting: Farewell Cheap Gas, Prices on the Rise


You’ve been warned. Gas prices are about to get pumped up, eventually climbing to the year’s highest levels as refineries across the nation are preparing for maintenance season and the seasonal switch to cleaner burning gasoline, a tradition despised by many.

The hikes are due to summer’s more expensive blend of gasoline, required by the Environmental Production Agency (EPA) and the Clean Air Act, as well as refinery maintenance work lasting several months that causes gasoline production to drop, creating a pinch at the pump. Last year, the national average jumped 69 cents during this season, from a low of $1.69 to a high of $2.39; in 2015 we saw an even larger increase of 78 cent, from a low of $2.03 to a high of $2.81 per gallon.

Highlights of what’s to come at the pump across the nation:

• Average gasoline prices will rise 35-75 cents between recent lows and peak prices, just in time for spring break travel plans. Gas prices will likely plateau in May.
• Some of the nation’s largest cities will be $3 a gallon gasoline very soon, including Los Angeles,New York, Chicago, Washington, D.C. and Seattle, with other large cities possibly joining due to various stringent summer gasoline requirements.
• Watch out for more gas price volatility in the Great Lakes and West Coast versus other areas,based on prior year outages at refineries in these areas. As a result, there may be temporary gas price spikes.

States observing the largest seasonal jump between mid-February and Memorial Day at the pump last year:

1. Michigan, up 95 cents per gallon
2. Ohio, up 92 cents per gallon
3. Illinois, up 92 cents per gallon
4. Indiana, up 90 cents per gallon
5. Wisconsin, up 86 cents per gallon
6. Minnesota, up 82 cents per gallon
7. Kansas, up 76 cents per gallon
8. Oklahoma, up 75 cents per gallon
9. Missouri, up 74 cents per gallon
10. Kentucky, up 73 cents per gallon

 

[dmcowen674]

Drive for five back on again:

3-8-2017

http://www.businessinsider.com/how-rising-gas-prices-impact-economy-2017-3

Rising gas prices are a growing threat to the American way of life

For the last few years, Americans have enjoyed friendly prices at the pump. And in many ways consumers’ lives have been shaped by these prices.

People have bought bigger cars, traveled more, and spent more money in general.

But nothing lasts forever and rising gas prices could mean big changes for the American way of life.

According to GasBuddy.com, gas prices could reach a three-year high in 2017. And in the long-term, gas prices are likely to climb back up to record levels, experts say.

 

[allisolm]

Drive for five back on again: 3-8-2017
Rising gas prices are a growing threat to the American way of life

Drive for five may have to wait - again.

Oil price falls below $50 as U.S. supplies hit record
http://www.usatoday.com/story/money...es-fall-below-50-us-stockpiles-rise/98951274/

"The effects of lower oil prices have reverberated through the economy. Prices at the gas pump have fallen since early January,"

"As Americans hit the road for spring and summer, prices typically rise about 60 cents a gallon from mid-February to June 1, says Patrick DeHaan, senior petroleum analyst at GasBuddy. 'This year, if (the oil price) drop sticks around, we could see far less of a rally. It could be even half of that,' he said."

"The Trump administration has been vocal about its desire to remove regulations that hinder U.S. production. And that 'could see a surge of domestic crude driving down prices even further.'''

 

[Meghan54]

No, still .40 spread, at least around here, but that's insane, too.

Did anyone notice that there is now a 60 cent spread between Regular Unleaded and Premium now?

Still not using your critical thinking skills, I see. All those cities listed with the huge jumps in gas prices are, now hold on to your hat because this will blow your mind, cities that were affected by the pipeline failure last year, which caused shortages in gas supplies, thereby raising prices. Can't believe you didn't think of that.....or you probably did and just swallowed your linked blog post knowing the fact presented above wasn't addressed in that blog post, yet it fit your demented viewpoint, so it was easy to put your mind into neutral....as if yours has any other gear.

States observing the largest seasonal jump between mid-February and Memorial Day at the pump last year:

1. Michigan, up 95 cents per gallon
2. Ohio, up 92 cents per gallon
3. Illinois, up 92 cents per gallon
4. Indiana, up 90 cents per gallon
5. Wisconsin, up 86 cents per gallon
6. Minnesota, up 82 cents per gallon
7. Kansas, up 76 cents per gallon
8. Oklahoma, up 75 cents per gallon
9. Missouri, up 74 cents per gallon
10. Kentucky, up 73 cents per gallon

 

[Meghan54]

So where ya been, Dave? No posts about oil prices falling roughly 10% over the last six days? Hmmmmm?
Nothing?

 

[brycejones]

So where ya been, Dave? No posts about oil prices falling roughly 10% over the last six days? Hmmmmm?
Nothing?

Dave is curled up into the fetal position right now in fear of the $12.00 a gallon gas that he heard about coming down the pike because reasons.

 

[dmcowen674]

First spring jump - local stations went from $179 to $2.39
More to come because of yearly excuse they can't make the required summer blend they have to make every year.

 

[Meghan54]

First spring jump - local stations went from $179 to $2.39
More to come because of yearly excuse they can't make the required summer blend they have to make every year.

I know it's been explained over and over to you (like talking to a felonous brick wall, I guess), but your little section of the country has a very sawtoothed retail price pattern.....but you've been told this before.

And surprisingly, even with your recent spike, which you bray about each and every time it happens and yet conveniently forget to mention the price drops of equal proportions that occur right after each and every spike, your gas price is still below the U.S. average.

To wit:

 

[dmcowen674]

3-28-2017

After coming down for about 3 weeks got a 34 cent jump today

Indianapolis
Pre-Hike Average
2.05
Price Hike Alert
Projected Average
2.39 +/- 0.10

 

[dmcowen674]

5-15-2017

Secret at the pump: Why Indiana gas prices jump suddenly for no apparent reason

http://www.wthr.com/article/secret-...s-prices-jump-suddenly-for-no-apparent-reason

For years, Indiana gas prices have been on a rollercoaster ride for no apparent reason. The price you see at your corner gas station in the morning frequently jumps 30 - 40 cents by the time you head home in the afternoon.

It just happened again. The price at central Indiana gas pumps shot up last Tuesday – by as much as 54 cents per gallon at some gas stations – even though the price of crude oil went down that same day.

The sudden, unexpected price jumps drive Hoosier motorists crazy.

"Beyond crazy," said Susan Ellington of Noblesville, who filled her gas tank just a few hours after the price of gas jumped from $1.81 to $2.35 at a Camby gas station. "I don't understand it," she said.

The truth is frustrating -- but also fascinating -- and once you understand what's really happening, you'll likely never see gas prices the same way again.

"Most people just don't get it. They see it as a big mystery," said Scot Imus who runs the Indiana Petroleum Marketers & Convenience Store Association. "It's really a buying opportunity for consumers, but they're not really aware of it."

"Yeah, it really is an opportunity to save hundreds of dollars a year," agreed Patrick DeHaan, a petroleum analyst at gasoline industry watchdog GasBuddy. "This is very predictable, and if you understand it, you can beat gas stations at their own game."

A terrible "game" for the industry
That "game" happens every day in Indiana as gas stations compete for your business. Gas retailers constantly engage one another in neighborhood price wars, dropping their gas prices a few pennies at a time (sometimes several times a day) to lure you to their gas pumps.

"Stations in Indianapolis are constantly undercutting each other – essentially a price war every day," explained DeHaan. "It takes a week or so for those stations to drop their price so low that they're losing money. And then somebody will wave the white flag and they'll both raise their price again." That's when we get socked with sticker shock at the gas pump as gas stations reset their prices to a more profitable level.

The strategy is called "price cycling," and it happens in central Indiana, on average, every 10-12 days. Midwestern states like Indiana are the only places in the country where this occurs.

In most other states, prices rise and fall more slowly and steadily based on the wholesale price of gasoline and oil. According to the National Association of Convenience Stores, those gas stations set their prices to reflect an average markup of about 20 cents on each gallon of gasoline.

But in Indiana, price cycling means frequent, dramatic price swings that often have nothing to do with the traditional pricing factors that impact the price of gasoline. Rather than a steady 20-cent markup, Indiana gas stations may go days with only a 4- or 5-cent markup as they try to undercut or match competitors, then spike their prices to collect a 35-cent markup that helps recoup profits lost during their ongoing price war.

=======================================================
Read the rest of the article at the local TV station.

Now I know the real reason is it's a game to them.

I don't appreciate them playing with my money.

Bastards should be jailed like Madoff, it's not any different than what he did.

They are getting away with a cycling pyramid scheme.

 

[Meghan54]

Dude, we've been collectively trying to tell you about the price cycling of gas prices in your area for years. But you've refused to accept this....and now it's suddenly news to you? LOL!

5-15-2017

Secret at the pump: Why Indiana gas prices jump suddenly for no apparent reason

http://www.wthr.com/article/secret-...s-prices-jump-suddenly-for-no-apparent-reason

For years, Indiana gas prices have been on a rollercoaster ride for no apparent reason. The price you see at your corner gas station in the morning frequently jumps 30 - 40 cents by the time you head home in the afternoon.

It just happened again. The price at central Indiana gas pumps shot up last Tuesday – by as much as 54 cents per gallon at some gas stations – even though the price of crude oil went down that same day.

The sudden, unexpected price jumps drive Hoosier motorists crazy.

"Beyond crazy," said Susan Ellington of Noblesville, who filled her gas tank just a few hours after the price of gas jumped from $1.81 to $2.35 at a Camby gas station. "I don't understand it," she said.

The truth is frustrating -- but also fascinating -- and once you understand what's really happening, you'll likely never see gas prices the same way again.

"Most people just don't get it. They see it as a big mystery," said Scot Imus who runs the Indiana Petroleum Marketers & Convenience Store Association. "It's really a buying opportunity for consumers, but they're not really aware of it."

"Yeah, it really is an opportunity to save hundreds of dollars a year," agreed Patrick DeHaan, a petroleum analyst at gasoline industry watchdog GasBuddy. "This is very predictable, and if you understand it, you can beat gas stations at their own game."

A terrible "game" for the industry
That "game" happens every day in Indiana as gas stations compete for your business. Gas retailers constantly engage one another in neighborhood price wars, dropping their gas prices a few pennies at a time (sometimes several times a day) to lure you to their gas pumps.

"Stations in Indianapolis are constantly undercutting each other – essentially a price war every day," explained DeHaan. "It takes a week or so for those stations to drop their price so low that they're losing money. And then somebody will wave the white flag and they'll both raise their price again." That's when we get socked with sticker shock at the gas pump as gas stations reset their prices to a more profitable level.

The strategy is called "price cycling," and it happens in central Indiana, on average, every 10-12 days. Midwestern states like Indiana are the only places in the country where this occurs.

In most other states, prices rise and fall more slowly and steadily based on the wholesale price of gasoline and oil. According to the National Association of Convenience Stores, those gas stations set their prices to reflect an average markup of about 20 cents on each gallon of gasoline.

But in Indiana, price cycling means frequent, dramatic price swings that often have nothing to do with the traditional pricing factors that impact the price of gasoline. Rather than a steady 20-cent markup, Indiana gas stations may go days with only a 4- or 5-cent markup as they try to undercut or match competitors, then spike their prices to collect a 35-cent markup that helps recoup profits lost during their ongoing price war.

=======================================================
Read the rest of the article at the local TV station.

Now I know the real reason is it's a game to them.

I don't appreciate them playing with my money.

Bastards should be jailed like Madoff, it's not any different than what he did.

They are getting away with a cycling pyramid scheme.

 

[WelshBloke]

I don't appreciate them playing with my money.

Tough shit. Stop whining.