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Gas Prices Still Going Up, Refineries Shutting Down
Boise Weekly ^ | March 18th | George Prentice

Posted on 03/19/2012 6:44:11 AM PDT by Halfmanhalfamazing

Energy industry analysts say there's no relief in sight at the nation's gas pumps.

While prices jumped 6 percent in February, market experts said many of the nation's refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, "taking another 335,000 barrels per day in production capacity off the market."

(Excerpt) Read more at boiseweekly.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: 2012; democrats; gasprices; nobama2012; obama; refineries; refinery; shuttingdown
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To: thackney
The cost of the crude oil is the reason gasoline, diesel, etc is so high.

Declining value of the dollar and the increase of oil prices account for 15% of the rise. The remainder comes from the various cocktails that has become gasoline due to over regulation as well as increases in taxes.

21 posted on 03/19/2012 7:10:02 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Halfmanhalfamazing

Gasoline prices have gone up for 20 days in a row.


22 posted on 03/19/2012 7:13:23 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Halfmanhalfamazing

Refineries generally shut down in march for repair work and prices go up. But its still ok to blame the government.


23 posted on 03/19/2012 7:15:13 AM PDT by InvisibleChurch ( go in peace , serve the Lord)
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To: Halfmanhalfamazing

Could the problem be that the price of oil (the raw material used by the refineries) is so expensive, relative to the price of the final product (gas and diesel) that it is not cost effective to operate?


24 posted on 03/19/2012 7:18:37 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Halfmanhalfamazing

I don’t want to be a fly in the ointment, but aren’t we now EXPORTING refined petroleum? They cite economic reasons but why would Sunoco close a refinery now, when over-all world-wide demand is high? Is it the location (hard to ship gasoline to China from Idaho)? I would think they would be making tons of money.


25 posted on 03/19/2012 7:19:42 AM PDT by cookcounty (Newt 2012: ---> Because he got it DONE.)
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To: Halfmanhalfamazing

Will somebody please explain this to Bill O’Reilly?


26 posted on 03/19/2012 7:26:13 AM PDT by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
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To: kingu

Ethanol sure has been a Godsend! /s...


27 posted on 03/19/2012 7:38:42 AM PDT by donozark (We're ALL Greeks now...)
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To: cookcounty

One simple reason would be new regulations. Nothing like springing new costs of doing business, to destroy a business.


28 posted on 03/19/2012 7:39:27 AM PDT by SengirV
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To: Halfmanhalfamazing
Obama wants civil war over gasoline aqmong the states and the US population so he can declare martial law just before election day. This is based on the theory that if there is no election, he remains in office.

WRONG oh great pretender, very WRONG. You have not got an Army big enough to defeat the American people if they decide you have to go.

29 posted on 03/19/2012 8:00:03 AM PDT by Rapscallion (The corruption and mismanagement persist because YOU tolerate it.)
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To: thackney; Halfmanhalfamazing
"Is Maxine Water’s dream of a “socialized” oil industry about to become reality?"

Not just yet. First gas has to get a bit above $5 a gallon so and "force" Barry to institute Carter style gas rationing. With rationing in place there will be plenty of companies willing to pay something under the table to be exempt or have a larger allotment, government employees can be kept in line for the election by granting them the perk of exemption from rationing due to the important work they do, and of course there will need to be a specialists hired to watch over the rationing system.

Once that's all handled, then Barry will start beating the drum to nationalize the oil industry as a way to get back to no rationing.

30 posted on 03/19/2012 8:00:57 AM PDT by Rashputin (Only Newt can defeat both the Fascist democrats and the Vichy GOP)
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To: Rashputin
nationalize the oil industry

That will be a tough job. We import more oil that we produce ourselves. How is he going to get supply from Saudi Arabia, Canada, etc?

31 posted on 03/19/2012 8:09:52 AM PDT by thackney (life is fragile, handle with prayer)
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To: Michael Barnes

I don’t think crude has gone up that much; its that our Dollar is so damn weak that we are “paying” more.


You’re right.


32 posted on 03/19/2012 8:10:31 AM PDT by unkus (Silence Is Consent)
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To: Halfmanhalfamazing

To be fair, it’s really a Wall Street Journal article, reported on by this paper, but the WSJ article is behind a subscription firewall.


33 posted on 03/19/2012 8:13:38 AM PDT by CharlesWayneCT
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To: InvisibleChurch

Refineries generally shut down in march for repair work and prices go up. But its still ok to blame the government.


Not permanently. Thanks for permission to blame the correct people.


34 posted on 03/19/2012 8:16:16 AM PDT by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: Hodar

This isn;t a mystery. Refineries are factories, taking raw material and manufacturing finished product.

The raw material, they use, oil, has shot up in price lately. That is where their costs go up. Refineries don’t make more money when oil gets more expensive, they end up with tremendous price pressures, because if they raise the price of gasoline, demand drops.

So, when oil gets expensive, they will shut down the most inefficient production lines for gasoline, since producing more gasoline won’t make them more money.


35 posted on 03/19/2012 8:17:38 AM PDT by CharlesWayneCT
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To: Rapscallion

I read that sort of proclamation more often now, but I have yet to read a cogent answer to the follow-up question of just how that removal would occur. Perhaps you would explain how the disenfranchised voters remove a well defended criminal fraud commie bastard from power. In America, we traditionally remove fecal floaters like little barry bassturd by voting them out of office. If the elections are ‘suspended’, how do you see We The People removing the commie bastard from Washignton? We already have a Congress and courts systemn which is violating their oaths to our Constitution. Where do you imagine the power to remove the scum would come from? ... And don’t be vague, telling me we have hundreds of millions of guns. If you take that approach then you have to explain how so many ‘guns’ become a conquering army against the organized power of the federal oligarchy. It ain’t gonna happen and the criminal bastards IN THE CONGRESS know it, and that’s why they feel secure violating their oaths, selling their souls for a little more time in power!


36 posted on 03/19/2012 8:20:00 AM PDT by MHGinTN (Being deceived can be cured.)
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To: thackney
Were recovery, refining, and distribution, nationalized the amount we import would go down dramatically as a way to force alternatives on people.

I don't know whether Barry and his crowd want to be just like their third world heroes and nationalize the oil industry. I do know that I was answering someone who seems to think that may be the goal. If that's the goal, I think a series of steps would be taken first.

37 posted on 03/19/2012 8:21:56 AM PDT by Rashputin (Only Newt can defeat both the Fascist democrats and the Vichy GOP)
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To: Halfmanhalfamazing
A key reason for refinery shut-downs?

Demand for gasoline HAS FALLEN DRASTICALLY. It is now at the same level it was 2002! We are in an economic depression. Hello? Except for exports there is simply NO PLACE TO PUT THE GAS. PEOPLE CAN'T AFFORD TO BUY IT. THEY HAVE NO JOB.

38 posted on 03/19/2012 8:49:16 AM PDT by Kenny Bunk ((So, you're telling me Scalia, Alito, Thomas, and Roberts can't figure out this eligibility stuff?))
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To: Rapscallion
Obama wants civil war over gasoline aqmong the states and the US population so he can declare martial law just before election day.

Perhaps that will be the day that a patriotic Secret Service agent draws his pistol in anger and desperation.

39 posted on 03/19/2012 9:30:26 AM PDT by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


40 posted on 03/19/2012 9:36:32 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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