So, oil is at down, why is gasoline going up?

[SSSnail]

Oil is at $35.4 /barrel, why is gas going up? Demand is way down too... what's the excuse now?


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This thread is done. What the hell people.
AnandTech Moderator Evadman

 

[jagec]

"Winter blend"

 

[Scouzer]

oil companies have across the board jacked up wholesale & retail profit margins.

 

[Colt45]

Collusion.

 

[BrownTown]

Well if you sell less you gotta have a higher price to stay profitable probably..

 

[eplebnista]

Our gas is up to $1.74/gal for 87.

 

[Christobevii3]

Refineries shut down for a month in march/april for routine maintenance and the fact oil trades on the forward month and the gas we are using was processed a month ago.

 

[OpenThirdEye]

We're up to $1.999/gal for 87. It's still better than the $4.299/gal that I paid this summer!

 

[FoBoT]

yeah, we bottomed at $1.279 and are now at $1.629

 

[Ladies Man]

Heating oil... it's freezing out. Everyone is using heating oil.

 

[Turin39789]

they decided they wanted more monies and they know you will pay?

 

[xSauronx]

Originally posted by: OpenThirdEye
We're up to $1.999/gal for 87. It's still better than the $4.299/gal that I paid this summer!

i resolved not to bitch as long as its under $2 a gallon. i think its $1.69 here now. whatever, i can live with that.

 

[Casawi]

Why is the currency going up too?

 

[ViviTheMage]

Originally posted by: jagec
"Winter blend"

AFAIK, that is the cheaper blend....so it still makes zero sense.

I heard they have less oil coming out as they used to? Ie they closed a bunch of oil fields.

 

[Ladies Man]

If all the oil is being used as heating oil, then there is less oil to use as gas...

 

[AstroGuardian]

Yup! The $ is going up. Price regulatory commissions are also the easiest to bribe to keep prices higher for extra-profit

 

[Riverhound777]

$2.03 last I checked here for 87. Damn central coast. Oh wait, it will be 70 outside today, never mind

 

[ViviTheMage]

Originally posted by: Riverhound777
$2.03 last I checked here for 87. Damn central coast. Oh wait, it will be 70 outside today, never mind

ya'll pay a little extra per gallon, but do not have to pay for the huge heating bills we do up north! pretty good trade off ^_^

 

[NuclearNed]

Originally posted by: BrownTown
Well if you sell less you gotta have a higher price to stay profitable probably..

You didn't exactly ace Economics 101, did you?

 

[amdhunter]

Supply and Demand.

 

[JDub02]

I found this to be interesting ... Contango

 

[LordMorpheus]

Originally posted by: Christobevii3
Refineries shut down for a month in march/april for routine maintenance and the fact oil trades on the forward month and the gas we are using was processed a month ago.

I worked at a refinery in Deer Park, Texas and I can tell you that this is absolutely not how refineries operate - I worked in the department that planned and executed maintence shutdowns (called turn arounds).

The typical process at a refinery is on a five year schedule. Run it for five years, 24-7, shut it down and get it ready to run for another five years in 2-5 weeks. This is only one process at the refinery, not the whole thing, everything else at the refinery keeps going business-as-usual during the turn around, unless it's directly downstream of the shutdown unit (in which case you'll probably turn both processes over as one big job).

I'll tell you, the shit they do to avoid having an unplanned shutdown is bizzare - "oh, the catalyst in this pipe has completely erroded all the turns so the pipe walls are about as thick as paper, and now it's spraying all over everywhere? hmm, lets just clamp some new pipe over the old stuff and keep going!" or "Oh, these cyclone catalyst seperators are all erroded on the inside, causing the catalyst to build up and block the exit? Just get a couple big operators up there with sledges and knock the crap out of it, that should loosen up the catalyst stuck inside and get things running nicely again!"

 

[dmcowen674]

Originally posted by: SSSnail
Oil is at $35.4 /barrel, why is gas going up? Demand is way down too... what's the excuse now?

You will have to ask this guy, he says he is the master of Oil/Gas

My thread was locked so him and his friends must be.

Originally posted by: Skoorb

Originally posted by: BarneyFife

Do you realize you paid $4 gallon when it was $145 barrel and now you're paying $2 when its $40 barrel. Does the math make sense? You are talking out of your ass on this.

Go google "breakdown of a gallon of gas", then come back and talk with the grown-ups; as oil drops in price it becomes less of a percentage of the cost of a gallon of gasoline. Refining, transportation, distribution costs are not impacted by it. When oil was $10/gallon you were paying a buck or something, right? You expected that when it was $147 you'd pay almost $15? I'm ok with being insulted, but not if the person is even more clueless than I am.

The proof is in the pudding Barney. If you want, let's make a bet. Fuelgaugereport.com shows that right now on 1/16 the national price of a gallon of gas is $1.816. I wager with you that 10 days from now on 1/26 it will be less than that. If I'm right you have to respond, in bold with this in a single post, no other qualification or caveats:

Skoorb is the master of oil and gasoline and I bow down to his understanding of the issue. If not, I will respond in kind to you on the 26th.

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Dave, please go to another thread if you're going to go back to the anonymous cowards talk. This one has been quite cordial so far; you'll note I've not even insulted you once. Most of us are on our best behavior

 

[dmcowen674]

Originally posted by: jagec
"Winter blend"

:laugh:

 

[dmcowen674]

Originally posted by: Christobevii3
Refineries shut down for a month in march/april for routine maintenance and the fact oil trades on the forward month and the gas we are using was processed a month ago.

Hmmmmm, looks at Calendar, says January to me.