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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
Texas refinery blast could help push gas prices above $4 a gallonWHY??!!??
January 2014, there were 136 oil refineries operating in the United States and 29 of those are found in Texas.
81
posted on
12/26/2021 2:59:38 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: cpdiii
We will drive our Ecars onto the flatbed railcars; getting a charge as we travel near to our final destination.
82
posted on
12/26/2021 3:10:15 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Falconspeed
...oil is a natural, renewable substance. Oh?
This is a new one!!
Peak Oil. Oil is a non-renewable resource, and the world's oil reserves will not always be enough to provide for the world's demand for petroleum. Peak oil is the point when the oil industry is extracting the maximum possible amount of petroleum. After peak oil, petroleum production will only decrease.
In fact, oil is abiotic, not the product of long decayed biological matter. And oil, for better or for worse, is not a non-renewable resource. It, like coal, and natural gas, replenishes from sources within the mantle of earth. This is the real and true science of oil. Read all about it.
Why Is Oil a Non-Renewable Resource? Oil or petroleum, otherwise known as liquid coal to underline its importance and value to our economy, is one of the most precious fossil fuels on Earth. Just like other fossil fuels such as coal and natural gas, it was formed many thousand years ago when the Earth's climate was radically different.
83
posted on
12/26/2021 3:15:40 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: sergeantdave
How does the government turn off all charging stations around the world for one individual?WHUT??
How do the gas pumps around the world seem to reject MY charge card?
84
posted on
12/26/2021 3:18:02 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: NoLibZone
Or diesel...
85
posted on
12/26/2021 3:21:45 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: _Jim
Ok; I'll do the heavy lifting.
86
posted on
12/26/2021 3:24:47 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: _Jim
87
posted on
12/26/2021 3:27:23 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: SecAmndmt
88
posted on
12/26/2021 5:41:52 PM PST
by
_Jim
(Save babies)
To: Elsie
89
posted on
12/26/2021 5:44:38 PM PST
by
_Jim
(Save babies)
To: Elsie
Maybe the development, roll-out to market timeline is of interest to you?
90
posted on
12/26/2021 5:47:49 PM PST
by
_Jim
(Save babies)
To: Elsie
re: “I’ll do the heavy lifting.”
That doesn’t look ‘typical’ for the markets I’m familiar with ...
91
posted on
12/26/2021 5:49:01 PM PST
by
_Jim
(Save babies)
To: _Jim
92
posted on
12/27/2021 5:05:06 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: _Jim
93
posted on
12/27/2021 5:05:40 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Elsie
94
posted on
12/27/2021 5:07:00 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Elsie
The ERCOT website real-time data webpage; you can see a new one EACH DAY.
95
posted on
12/27/2021 12:00:41 PM PST
by
_Jim
(Save babies)
To: Elsie
re: “I’m gonna invest in THESE fellas!”
You’ve already been told, you can’t. There is a waiting list for shares now ...
BTW, are you aware of who sits on the board, or no? I’m betting “no”. You are _so_ sharp ... (not, of course)
96
posted on
12/27/2021 12:03:03 PM PST
by
_Jim
(Save babies)
To: _Jim
BTW, are you aware of who sits on the board, or no? I’m betting “no”.Speaking of betting, there are some mighty well-known sports figures who are trying to convince me that betting on FANDUEL is a team sport.
Bet $5
Win $150
https://heavy.com/sports/betting/fanduel-sportsbook-offer-browns-ravens/
So I'm gonna bet one way and my buddy is gonna bet the other.
We're gonna split the $150 that is SURE to come our way.
97
posted on
12/27/2021 6:52:51 PM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
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