The Official Gas Price Discussion Thread
#2001
Now Motiva refinery may be down for a month instead of 2 weeks.
And Exxon's refinery could be down for a month too.
https://www.cnbc.com/2017/09/01/gas-...y-weekend.html
And Exxon's refinery could be down for a month too.
https://www.cnbc.com/2017/09/01/gas-...y-weekend.html
Gas prices jump to 2-year high, with more gains expected for Labor Day weekend
Published 4 Hours Ago
Gasoline at the pump jumped overnight, with the national average rising 7 cents per gallon by Friday morning, and more gains expected over the Labor Day weekend as refineries remain shut down by Harvey.
According to AAA, the national average rose to $2.52 per gallon for unleaded gasoline Friday, up from $2.45 Thursday and $2.33 before the hurricane hit the Gulf Coast. In some areas, prices jumped by double digits overnight, and there could be more sharp, but temporary gains ahead as distributors struggle with reduced supplies.
"Demand does go down after Labor Day. There's a bunch of good news out there, but the reality is we don't know what's going on with refineries," said Jeff Lenard, vice president, strategic industry initiatives, National Association of Convenience Stores. Convenience stores sell about 80 percent of the gasoline in the U.S.
Prices should continue to rise into next week, but are expected to level off and back down as refineries come back online and gasoline moves through the system, analysts said. The national average could rise as much as 20 to 30 cents more before it begins to steady.
Tom Kloza, global head of energy analysis at Oil Price Information Service, expects gasoline to rise to $2.75 per gallon. He said the condition of several major refineries is still unclear, and the U.S. gasoline supply is complicated by the fact that the U.S. is now a significant exporter of gasoline to central and South America.
Kloza said because of those factors, prices could stay high during September, but start to drop late in October.
Harvey forced refineries to reduce processing by about 5 million barrels a day as facilities from Corpus Christi, Texas, to Lake Charles, Louisiana, cut back or shut down. But a portion of that is now being restored.
. . .
In northern Texas, prices were also much higher. Motorists were lining up for gasoline in Dallas, where prices jumped from an average $2.37 per gallon Thursday to $2.52 per gallon by Friday, according to AAA.
"Part of it is Dallas is supplied by a pipeline from Corpus Christi, and of course those pipelines have been down," said Lipow. "There was a social media explosion of panic, so everyone went to the gas station. Supplies are going to be tight but they're going to get better."
Lenard said the best thing consumers can do is not to panic and top off gas tanks.
n South Carolina, the price of unleaded averaged $2.38 per gallon by Friday morning, up 12 cents from Thursday. The Southeast is served by the Colonial Pipeline which was operating but at a lower volume. In Atlanta, the average price was $2.50, up 11 cents from Thursday.
"The hot spot to watch out for would be the east coast and New York harbor," said Kloza.
The Motiva refinery in Port Arthur, the largest U.S. refinery , could be down for a month, Lipow said. "That's based on the fact that it's going to take two weeks to assess damage and at least two weeks to get back on stream," he said.
The ExxonMobil Baytown refinery, the second largest refinery, has had some flooding and also could be down for up to four weeks.
- Prices at the pump jumped sharply by Friday morning, with another 20 to 30 cents per gallon hike expected.
- The national average rose by 7 cents per gallon to $2.52 from Thursday.
- Gasoline prices are rising sharply in some states, and they are expected to continue to climb until the damage from Harvey becomes clear and refineries begin to get back online.
- About 1.4 million barrels of refining capacity is expected to come back online soon, leaving about 3.5 million offline.
Published 4 Hours Ago
Gasoline at the pump jumped overnight, with the national average rising 7 cents per gallon by Friday morning, and more gains expected over the Labor Day weekend as refineries remain shut down by Harvey.
According to AAA, the national average rose to $2.52 per gallon for unleaded gasoline Friday, up from $2.45 Thursday and $2.33 before the hurricane hit the Gulf Coast. In some areas, prices jumped by double digits overnight, and there could be more sharp, but temporary gains ahead as distributors struggle with reduced supplies.
"Demand does go down after Labor Day. There's a bunch of good news out there, but the reality is we don't know what's going on with refineries," said Jeff Lenard, vice president, strategic industry initiatives, National Association of Convenience Stores. Convenience stores sell about 80 percent of the gasoline in the U.S.
Prices should continue to rise into next week, but are expected to level off and back down as refineries come back online and gasoline moves through the system, analysts said. The national average could rise as much as 20 to 30 cents more before it begins to steady.
Tom Kloza, global head of energy analysis at Oil Price Information Service, expects gasoline to rise to $2.75 per gallon. He said the condition of several major refineries is still unclear, and the U.S. gasoline supply is complicated by the fact that the U.S. is now a significant exporter of gasoline to central and South America.
Kloza said because of those factors, prices could stay high during September, but start to drop late in October.
Harvey forced refineries to reduce processing by about 5 million barrels a day as facilities from Corpus Christi, Texas, to Lake Charles, Louisiana, cut back or shut down. But a portion of that is now being restored.
. . .
In northern Texas, prices were also much higher. Motorists were lining up for gasoline in Dallas, where prices jumped from an average $2.37 per gallon Thursday to $2.52 per gallon by Friday, according to AAA.
"Part of it is Dallas is supplied by a pipeline from Corpus Christi, and of course those pipelines have been down," said Lipow. "There was a social media explosion of panic, so everyone went to the gas station. Supplies are going to be tight but they're going to get better."
Lenard said the best thing consumers can do is not to panic and top off gas tanks.
n South Carolina, the price of unleaded averaged $2.38 per gallon by Friday morning, up 12 cents from Thursday. The Southeast is served by the Colonial Pipeline which was operating but at a lower volume. In Atlanta, the average price was $2.50, up 11 cents from Thursday.
"The hot spot to watch out for would be the east coast and New York harbor," said Kloza.
The Motiva refinery in Port Arthur, the largest U.S. refinery , could be down for a month, Lipow said. "That's based on the fact that it's going to take two weeks to assess damage and at least two weeks to get back on stream," he said.
The ExxonMobil Baytown refinery, the second largest refinery, has had some flooding and also could be down for up to four weeks.
#2002
Q('.')=O
iTrader: (1)
^^ I would hate to be waiting in line for an hour only to find out they ran out. However, I know at least QT is funneling most of their tanker trucks to specific stores.. about half in our area. So yes if gas runs out when you are in line, there is a good chance a truck will be there shortly to resupply. I can't say the same for other chains, I just know that is what QT is doing.
#2003
Azine Jabroni
^^You guys had a run on gas, too right? I got gas last Saturday morning so I have half a tank left, but this run on gas thing is nuts.
#2005
Azine Jabroni
#2006
#2007
It would be really dangerous & wasteful in the grand scheme, but I would love to run over & kick that shit over. Fuck that guy & his money for needing that much gas.
#2008
Azine Jabroni
Among the pieces of advice I have gotten, among the best was when my friend who works for the Red Cross told me to get gas last Friday. Got gas last Friday and have a half tank left. What a disaster.
#2009
#2011
Moderator
I got lucky at $2.999 for 93 between Kilgore & Houston earlier this week.
#2012
Moderator
Filled up yesterday for $2.899 for 93
Regular 87 price:
Regular 87 price:
#2013
Race Director
Just filled up today with 93 octane for $2.869/gallon. Will post picture later.
#2014
Ex-OEM King
#2015
Race Director
#2017
$3.73 for Shell 87
#2018
Moderator
From the $2.199 for 87 I posted above.
There is a station close to my office, which happens to be the last gas station before the IAH rental car return lot. $3.099/gal for 87 last night when I drove by
Station on the outbound side of the road... $2.799/gal for 87.
There is a station close to my office, which happens to be the last gas station before the IAH rental car return lot. $3.099/gal for 87 last night when I drove by
Station on the outbound side of the road... $2.799/gal for 87.
#2019
Race Director
#2020
Turd Polisher
iTrader: (1)
E85 ... $2.75 a gallon.
91: around $4.00 a gallon.
91: around $4.00 a gallon.
#2022
#2023
Race Director
#2024
I'm going back to 91 soonish, because of cold start issues #justE85things
It would be nice to have cheaper gas, but hopefully as a side effect it will result in fewer assholes in SUVs blocking my line of sight on the freeway and pulling out of driveways
As much as it pains me to say, I did not vote to repeal the gas tax. I haven't seen evidence that money has been diverted to the general fund. I don't want to see $5/gal gas, but I will say I have seen a LOT of construction and improvements not just underway, but completed in the last year or so.
It would be nice to have cheaper gas, but hopefully as a side effect it will result in fewer assholes in SUVs blocking my line of sight on the freeway and pulling out of driveways
As much as it pains me to say, I did not vote to repeal the gas tax. I haven't seen evidence that money has been diverted to the general fund. I don't want to see $5/gal gas, but I will say I have seen a LOT of construction and improvements not just underway, but completed in the last year or so.
#2025
Punk Rocker
Cheapest gas around here right now is $2.54/gal for 87. Was $2.69/gal just a couple weeks ago so finally prices appear to be coming back down for winter. Hope it can ever get back under $2 per gallon again someday. It got close last winter if I recall correctly.
#2026
Moderator
Dipped down to $2.169 for 87 at my go-to Exxon yesterday.
#2027
Moderator
Same station was at $2.139 this morning.
#2028
$3.49 for regular (87). It was $3.29 last night.
https://abc7.com/society/refinery-pr...ounty/5212703/
Gas prices: Refinery problems causing largest daily price hike in 3 years in LA County
Friday, March 22nd, 2019
LOS ANGELES (KABC) -- Problems at refineries have caused gas prices to rise over 4 cents a gallon in Los Angeles County, the largest daily price hike in three years.
The average price of a gallon of self-serve regular gasoline in L.A. County is $3.48, and in Orange County it's $3.44 -- those are the highest prices we've seen since December.
The 4-cent spike is the biggest since February of 2016.
AAA says a fire last Friday closed part of the Phillips 66 Carson refinery. There was also planned work at the Torrance refinery and unplanned flaring at the Chevron El Segundo refinery.
That caused prices to go up, and analysts say higher oil prices are likely to push gas prices even higher.
Friday, March 22nd, 2019
LOS ANGELES (KABC) -- Problems at refineries have caused gas prices to rise over 4 cents a gallon in Los Angeles County, the largest daily price hike in three years.
The average price of a gallon of self-serve regular gasoline in L.A. County is $3.48, and in Orange County it's $3.44 -- those are the highest prices we've seen since December.
The 4-cent spike is the biggest since February of 2016.
AAA says a fire last Friday closed part of the Phillips 66 Carson refinery. There was also planned work at the Torrance refinery and unplanned flaring at the Chevron El Segundo refinery.
That caused prices to go up, and analysts say higher oil prices are likely to push gas prices even higher.
#2029
Moderator
Regional Coordinator (Southeast)
Regional Coordinator (Southeast)
Join Date: Dec 2003
Location: Mooresville, NC
Age: 38
Posts: 43,638
Received 3,858 Likes
on
2,579 Posts
Yeah the outlook for gas prices this year so far does not look good.
#2030
Turd Polisher
iTrader: (1)
E85 is steadily around $2.50/gallon ... 87 is over $3.40 as of this AM
CA gas tax ftl.
CA gas tax ftl.
#2031
Moderator
Paid $3.059/gal for 93 this morning. Bring back my sub-$3/gal gas.
#2032
Stay Out Of the Left Lane
Join Date: Oct 2003
Location: SE Mass --- > Central VA --- > SE Mass
Age: 58
Posts: 8,989
Received 1,241 Likes
on
1,028 Posts
$3.49 for regular (87). It was $3.29 last night.
https://abc7.com/society/refinery-pr...ounty/5212703/
#2033
No posts in over 3 years? Thread revival time...
#2034
My first Avatar....
No gouging going on there.
#2035
Stay Out Of the Left Lane
Join Date: Oct 2003
Location: SE Mass --- > Central VA --- > SE Mass
Age: 58
Posts: 8,989
Received 1,241 Likes
on
1,028 Posts
Yikes!!!! $7.00+++
Locally the best I have seen recently is $4.39 for regular.
Locally the best I have seen recently is $4.39 for regular.
#2036
Moderator
Join Date: Oct 2004
Location: Not Las Vegas (SF Bay Area)
Age: 40
Posts: 63,306
Received 2,811 Likes
on
1,991 Posts
geez and here I was complaining about the 6.29 I paid earlier today
#2038
Ex-OEM King
#2040
Someday, an RS6 Avant+
Was in Tampa last week. $519/gal for regular with a credit card. Here in Colorado we're at $4.08