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Texas refinery blast could help push gas prices above $4 a gallon
MAMBLA then DNC thru CNN ^ | Dec 23,2021 | Chris Isidore

Posted on 12/24/2021 12:41:07 PM PST by NoLibZone

The blast at a Texas oil refinery early Thursday will probably push already high gasoline prices even higher — although not immediately.

The blast and resulting fire at the ExxonMobil plant in the Houston-area city of Baytown, Texas, injured at least four workers. The accident could hamper output at one of America’s largest refineries for months, weighing on gasoline supply at at time when US refining capacity has already been reduced, said Tom Kloza, chief oil analyst for the Oil Price Information Service.

“They’re not going to have all systems go for a couple of quarters,” he said.

The average price for a gallon of regular gas now stands at $3.29, down 11 cents from a month ago, but still up $1.05 per gallon, or 47%, from a year ago. Gas prices have been a major factor in the rate of inflation hitting a 39-year high.

Kloza said he would not be surprised to see average prices rise to $4 a gallon in much of the country this spring and summer as the economy continues to recover and demand for gas increases. The limited supply of gasoline due to the loss of refining capacity in the United States and elsewhere will only help lift prices higher.


TOPICS: Extended News; News/Current Events; US: Texas
KEYWORDS: baytown; energy; exxonmobil; gasprices; houston; opec; refinery; texas
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To: NoLibZone

You’re joking, right?


21 posted on 12/24/2021 1:14:01 PM PST by Obadiah (Fauci is the golden calf of science.)
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To: NoLibZone

What about all your food and other goods that employ the use of petroleum along the chain in their manufacture. Hope you and little deranged Greta have a Merry Christmas this year, for if you get your wish, next year Will be cold, dark and you and yours may just be a tad bit hungry.


22 posted on 12/24/2021 1:14:35 PM PST by taxpayerfatigue (Taxpayer Fatigue)
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To: NoLibZone

I’m betting gas in Baytown is about $2.60.


23 posted on 12/24/2021 1:16:57 PM PST by BiglyCommentary
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To: EasySt

It should have relatively little effect on prices where they are already around $5 - mostly on the West coast, whereas Houston refineries run output through pipelines north to east, where (except for the far northeast) prices have been +/- $3.


24 posted on 12/24/2021 1:22:07 PM PST by Glenmore
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To: NoLibZone

“I look forward to the day when the number of electrical vehicles crushes petroleum industry or at the very least removes its influence in our lives”

I suspect most oil companies feel the same. That way that can fold their product into other things and not need blamed for the cost of their product.


25 posted on 12/24/2021 1:26:10 PM PST by BobL (I shop at Walmart and eat at McDonald's, I just don't tell anyone, like most here.)
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To: Republican Wildcat

Last week drove to El-Paso. Filled up at home, drove 500 miles in my Ram 1500 big ass truck. Filled it up in 5 minutes and continued on. Try that in an electric vehicle!


26 posted on 12/24/2021 1:30:19 PM PST by cpdiii (CANE CUTTER-DECKHAND-ROUGHNECK-OILFIELD CONSULTANT-GEOLOGIST-PILOT-PHARMACIST )
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To: NoLibZone

I wonder if it was that lo-o-ong train of brand new KCS oil transport cars that went past my place a few days ago, heading South.


27 posted on 12/24/2021 1:30:39 PM PST by Ruy Dias de Bivar (Still OUT of Facebook Jail! But I'm pushing it!)
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To: NoLibZone

Do you have any idea how many people the oil and gas industry employs? Millions of people.


28 posted on 12/24/2021 1:33:21 PM PST by eastforker (All in, I'm all Trump,what you got!)
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To: NoLibZone

How do you think folks get the electricity to power electric vehicles?

America’s problems originate with Godless, Christless fools who prefer power and control to freedom, liberty and capitalism


29 posted on 12/24/2021 1:36:26 PM PST by Tudorfly (All things are possible within the will of God.)
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To: NoLibZone

Just as the democrat saboteurs planned.


30 posted on 12/24/2021 1:36:41 PM PST by Bonemaker (invictus maneo)
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To: NoLibZone

$2.97 in Gulf Shores, Alabama. Just filled up the other day. That’s after our Governor put another state tax on fuel. $4.00 will kill our economy down here.


31 posted on 12/24/2021 1:40:51 PM PST by political1 (Love your neighbors)
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To: deport

“What will keep the chargers running both day and night?”

Um. Windmills. *snicker*


32 posted on 12/24/2021 1:43:35 PM PST by LeoTDB69
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To: rktman

In California, we’ll take $4/gal; we’re at $5.29/gal for premium in Northern CA.


33 posted on 12/24/2021 1:44:30 PM PST by ExTexasRedhead
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To: RightWingNutJob69

“How convenient, just when they started to drop a few cents.”

Exactly.


34 posted on 12/24/2021 1:47:12 PM PST by dljordan (Slouching towards Woketopia)
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To: Dr. Pritchett

“There’s no way a foreign adversary could be behind this!”

The foreign adversaries are in DC and NYC.


35 posted on 12/24/2021 1:48:27 PM PST by dljordan (Slouching towards Woketopia)
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To: NoLibZone
It's running 2.10 a gallon in Moscow.

.


36 posted on 12/24/2021 1:51:57 PM PST by Karl Spooner
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To: Pelham

I wouldn’t live in California if you paid me. Good grief! Bunch of wackos running the place.


37 posted on 12/24/2021 1:55:02 PM PST by servantboy777
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To: servantboy777

We are being held prisoner here. Save us.....


38 posted on 12/24/2021 1:56:19 PM PST by Pelham (Q is short for quack )
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To: LeoTDB69

You have to think like a lefty. Solar panels.


39 posted on 12/24/2021 1:58:37 PM PST by cableguymn
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To: NoLibZone

A recent article summed up why a Tesla owner in Finland blew up his car when he found out how much a replacement battery pack he needed was costing him.


40 posted on 12/24/2021 1:58:59 PM PST by Mark (Celebrities... is there anything they do not know? Homer Simpson)
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