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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.
You’re joking, right?
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.
I’m betting gas in Baytown is about $2.60.
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.
“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.
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!
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.
Do you have any idea how many people the oil and gas industry employs? Millions of people.
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
Just as the democrat saboteurs planned.
$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.
“What will keep the chargers running both day and night?”
Um. Windmills. *snicker*
In California, we’ll take $4/gal; we’re at $5.29/gal for premium in Northern CA.
“How convenient, just when they started to drop a few cents.”
Exactly.
“There’s no way a foreign adversary could be behind this!”
The foreign adversaries are in DC and NYC.
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I wouldn’t live in California if you paid me. Good grief! Bunch of wackos running the place.
We are being held prisoner here. Save us.....
You have to think like a lefty. Solar panels.
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.
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