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

[alien42]

This is Obama's election kick.

Let's decimate the Oil Industry, and make gas cheap for people that don't have cars.

-John

and how exactly does decimating the oil industry lower the price of gasoline?

oh, that's right, it doesn't, unless you live in fantasy land and completely deny supply and demand.

reality is that the US does not control the price of oil, OPEC does.

 

[michal1980]

and how exactly does decimating the oil industry lower the price of gasoline?

oh, that's right, it doesn't, unless you live in fantasy land and completely deny supply and demand.

reality is that the US does not control the price of oil, OPEC does.

And yet because of USA fracking, and the rest of na oil output opec can't seem to increase oil prices

 

[IndyColtsFan]

Got the usual 30 cent jump today but don't know why.

Is Halloween a big traveling Holiday now?

Oil s down around $43 so that doesn't appear to be it.

Didn't see any news of the Oil Thugs blowing up a refinery again but maybe I missed it.

I'm sure the incompetent thugs that work for the Oil Industry on here would know.

Sucks to be you! I filled up on Sunday for under $2/gallon.

 

[Meghan54]

Down around $1.76/gal or so today, depending on your choice of gas brand.

 

[Londo_Jowo]

Got the usual 30 cent jump today but don't know why.

Is Halloween a big traveling Holiday now?

Oil s down around $43 so that doesn't appear to be it.

Didn't see any news of the Oil Thugs blowing up a refinery again but maybe I missed it.

I'm sure the incompetent thugs that work for the Oil Industry on here would know.

I second the sucks to be you selection.

http://www.houstongasprices.com/Retail_Price_Chart.aspx

 

[dmcowen674]

10-27-2015


http://finance.yahoo.com/news/u-sell-58-mln-barrels-112957895.html

U.S. to sell 58 million barrels from strategic oil reserve



The United States plans to sell 58 million barrels of crude oil from its strategic petroleum reserve between 2018 and 2025 under a budget deal reached on Monday by the White House and lawmakers from both parties


The proposed sale, which represents more than 8 percent of the 695 million barrels of U.S. strategic reserves, are due to start in 2018 at an annual rate of 5 million barrels and rising to 10 million by 2023


The proceeds from the sale will be "deposited into the general fund of the treasury"

The United States may also sell an additional 45 million barrels to cover a $2 billion (1 billion pound) programme from 2017 to 2020 to modernise its strategic reserve, including building new pipelines

In all, the sales, if completed, would represent about 15 percent of U.S. strategic reserves

 

[MongGrel]

10-27-2015


http://finance.yahoo.com/news/u-sell-58-mln-barrels-112957895.html

U.S. to sell 58 million barrels from strategic oil reserve



The United States plans to sell 58 million barrels of crude oil from its strategic petroleum reserve between 2018 and 2025 under a budget deal reached on Monday by the White House and lawmakers from both parties


The proposed sale, which represents more than 8 percent of the 695 million barrels of U.S. strategic reserves, are due to start in 2018 at an annual rate of 5 million barrels and rising to 10 million by 2023


The proceeds from the sale will be "deposited into the general fund of the treasury"

The United States may also sell an additional 45 million barrels to cover a $2 billion (1 billion pound) programme from 2017 to 2020 to modernise its strategic reserve, including building new pipelines

In all, the sales, if completed, would represent about 15 percent of U.S. strategic reserves

What's your point ?

 

[Londo_Jowo]

What's your point ?

The evil Oil Thugs are winning!!!!

 

[Pulsar]

That's unfortunate. Politicians, while stupid, have long understood that the reason we don't export oil and the reason we have the strategic reserve is because we know oil is a commodity that WILL become scarce. Hedging our bets by not selling ours will result in one of two things.

1. The world runs out of oil, but we still have some, and our country thrives for a period.

2. The world moves on to other energy sources.

Now, our newest overlords are stupid enough that mortgaging even one of our most precious resources is perfectly fine with them - as long as it goes into the general fund to help them temporarily balance their budgets.

Short view for the win.

PS.

#Daveisaliar

 

[dmcowen674]

The joke is on the Oil Thug Supporters on here as usual.

Winter gas costing more than the infamous summer blend and rising fast despite still tons of oil.

11-3-2015

http://finance.yahoo.com/news/u-crude-oil-edges-drops-004100301.html

Crude prices settled up about 4 percent on Tuesday as a rally in U.S. gasoline and diesel amid an outage on a key pipeline system added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings.

U.S. gasoline futures (RBc1) settled up 5 percent after the Colonial Pipeline (COLPI.UL) said it has suspended operations at its Cedar Bayou facility in Texas due to flooding.

U.S. gasoline futures (RBc1) settled up 5 percent, while ultra low sulphur diesel (ULSD) (HOc1) ended almost 4 percent higher after the Colonial Pipeline (COLPI.UL) said it has suspended operations at its Cedar Bayou facility in Texas due to flooding.

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Leave a comment...
de_ja2002 3 hours ago

Well they got the price of gas at the pump rising again even though nothing has changed. Stockpiles are at record highs and projected to keep rising. The summer driving season is over so demand should be decreasing. Looks like they, the speculator's, are trying to lock in a profit before the end of this quarter's profit taking. Now we just have to wait see how high it goes. We didn't see any rise on the last time they bid crude price's up. Hopefully they aren't going to tack that on to this round. Its strange because the spike was basically around the same but this time the price of gasoline immediately rose.

John 8 hours ago

So basically no reason for the price to go, especially when gas is already 2.50 a gallon in NE OH, when it should be 1.80!!!!

Donna 4 hours ago

we don't get oil from Libya or brazil and we have over 500,000,000 plus 750,000,000 in strategic reserve , over 1.25 billion barrels in reserve... billions !!!!!!!!!!!!!!! not a remote chance in hell that we would run low for thousands of years . what a crock of #$%$

 

[Londo_Jowo]

Hmmmm guess no one told the gas station where I get my gas. I paid $1.69/gal after my Kroger discount this morning.

http://www.texasgasprices.com/Shell_Gas_Stations/Richmond/113096/index.aspx

 

[dmcowen674]

One of the resident Oil Thug supporters that works in the Industry must have checked in for work here.

Let's see how much higher they jack the prices here, already at $2.49 in many places.

11-4-2015

http://wgntv.com/2015/11/04/foul-smell-reported-in-sw-suburbs-from-citgo-refinery/

Foul smell coming from Chicago Citgo refinery


Romeoville police tell us they were advised that the Citgo Lemont Refinery plant has an equipment situation.


Officials at the Citgo plant told Romeoville police they have it under control.


This is a developing story. Check back for details.

 

[Meghan54]

Let's see how much higher they jack the prices here, already at $2.49 in many places.

11-4-2015

None near you. Guess you're looking at Chicago?


Here are your local prices.....hard to find any station above $2.39; most are well under that.

http://www.indygasprices.com/

 

[Londo_Jowo]

Hmmm wonder if that was from H2S in the crude storage units.

http://www.chicagotribune.com/news/...burbs-from-citgo-refinery-20151104-story.html

Police officials in suburbs near the plant were told the smell was due to a sulfur odor coming from the Citgo refinery plant.

https://www.osha.gov/Publications/hydrogen_sulfide.html

Hydrogen sulfide is a colorless, flammable, extremely hazardous gas with a “rotten egg” smell. It occurs naturally in crude petroleum and natural gas

 

[dmcowen674]

Keeping a watch on the Oil Thug Industry if they will take advantage of the awful events that happened in Paris yesterday by raising Oil & Gas prices.

Of course the resident Oil Thug supporters in here will be thrilled as usual.

 

[Londo_Jowo]

Somehow I think it will be shown that you will be wrong yet again and most will be trilled that you've made an idiot out of yourself again.

http://www.reuters.com/article/2015/11/13/us-global-oil-idUSKCN0T201520151113

Oil down again; glut forces biggest weekly loss in eight months

Oil slumped again on Friday, extending the week's loss to the largest in eight months, as swelling storage of crude on both land and sea pressured prices.

Brent, the global benchmark for oil, settled down 1 percent and less than $2 from a new 6-1/2-year low.

U.S. crude fell 2 percent, barely holding above $40 a barrel.

Both benchmarks lost 8 percent on the week, the most since mid-March.

 

[cubby1223]

Keeping a watch on the Oil Thug Industry if they will take advantage of the awful events that happened in Paris yesterday by raising Oil & Gas prices.

Of course the resident Oil Thug supporters in here will be thrilled as usual.

Is there any corner of your life that isn't fully consumed by misery?

 

[WHAMPOM]

10-27-2015


http://finance.yahoo.com/news/u-sell-58-mln-barrels-112957895.html

U.S. to sell 58 million barrels from strategic oil reserve



The United States plans to sell 58 million barrels of crude oil from its strategic petroleum reserve between 2018 and 2025 under a budget deal reached on Monday by the White House and lawmakers from both parties


The proposed sale, which represents more than 8 percent of the 695 million barrels of U.S. strategic reserves, are due to start in 2018 at an annual rate of 5 million barrels and rising to 10 million by 2023


The proceeds from the sale will be "deposited into the general fund of the treasury"

The United States may also sell an additional 45 million barrels to cover a $2 billion (1 billion pound) programme from 2017 to 2020 to modernise its strategic reserve, including building new pipelines

In all, the sales, if completed, would represent about 15 percent of U.S. strategic reserves

Somebody is making money on this. Would you sell when the prices are low or buy? I know what I would do, buy now to fill the reserve.

 

[dmcowen674]

8-24-2015

Oil at $38 yet some stations even went back up here to $2.75 because of course we are approaching Labor Day Holiday.

http://247wallst.com/energy-economy/2015...-in-sight/

After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off has dropped crude to under $39, a multiyear low.
Well here we are again with oil below $40 but this time gas is $1.59 so you know when they are charging over $3 for gas when it's $40 we are getting totally ripped off.

11-18-2015

http://finance.yahoo.com/news/crude-oil-...38068.html

Crude oil just crashed below $40 per barrel again.

West Texas Intermediate crude futures in New York fell to as low as $39.92 per barrel just before noon on Wednesday.

After reaching about $48 per barrel last week, oil stumbled after the International Energy Agency warned, and reminded markets, that the supply glut was worsening across the world.

Earlier on Wednesday, the Energy Information Administration released its weekly data on inventories. US crude stockpiles rose by 300,000 barrels last week, according to the EIA, below an expected build by 1.9 million barrels.

The data also showed a swell in inventories at Cushing, Oklahoma, a key delivery point, by 1.5 million barrels, as overall inventories remained near levels not seen at this time of year in 80 years.

 

[brianmanahan]

i paid 1.90$ today, i was pleased as a pumpkin

 

[dmcowen674]

Thanksgiving price gouging in full swing. Yesterday $1.59 today $1.93

 

[Doc Savage Fan]

I paid $1.65 yesterday at Cosco...no change in prices this morning.

 

[Londo_Jowo]

Poor thing, no change in prices here.

 

[PricklyPete]

8-24-2015

Oil at $38 yet some stations even went back up here to $2.75 because of course we are approaching Labor Day Holiday.

http://247wallst.com/energy-economy/2015...-in-sight/

After a price recovery that took crude oil prices to over $60 in June from $46 at the start of the year, the price has collapsed again. However, this sell-off has dropped crude to under $39, a multiyear low.
Well here we are again with oil below $40 but this time gas is $1.59 so you know when they are charging over $3 for gas when it's $40 we are getting totally ripped off.

11-18-2015

http://finance.yahoo.com/news/crude-oil-...38068.html

Crude oil just crashed below $40 per barrel again.

West Texas Intermediate crude futures in New York fell to as low as $39.92 per barrel just before noon on Wednesday.

After reaching about $48 per barrel last week, oil stumbled after the International Energy Agency warned, and reminded markets, that the supply glut was worsening across the world.

Earlier on Wednesday, the Energy Information Administration released its weekly data on inventories. US crude stockpiles rose by 300,000 barrels last week, according to the EIA, below an expected build by 1.9 million barrels.

The data also showed a swell in inventories at Cushing, Oklahoma, a key delivery point, by 1.5 million barrels, as overall inventories remained near levels not seen at this time of year in 80 years.

First, your alternate reality is amazing Dave.

Second, why are you posting something from August?

Denver, which was affected by the Indiana plant now has prices below $2.

You really need to see a therapist.

 

[Londo_Jowo]

First, your alternate reality is amazing Dave.

Second, why are you posting something from August?

Denver, which was affected by the Indiana plant now has prices below $2.

You really need to see a therapist.

It's all a diversion, he had to come up with something after his prediction that oil prices would rise after the Paris terrorist attacks was shown to be pure BS.