Gas prices jump following refinery outages

Apr 30, 2011 Full story: MySanAntonio.com 31

Gas pump prices across the country rose to within a dime of $4 a gallon Friday, as weather-related refinery outages tightened supplies and pushed up prices.

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SantaFemom

Lake Jackson, TX

#1 May 1, 2011
how on earth does the power outages and the plants shutting down. have anything to do with our gas prices? we depend on foreign oil!!!! not Texas oil... if we did use Texas Oil we wouldn't be hurting as bad as we are!!!!!!!!!!

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#2 May 2, 2011
SantaFemom wrote:
how on earth does the power outages and the plants shutting down. have anything to do with our gas prices? we depend on foreign oil!!!! not Texas oil... if we did use Texas Oil we wouldn't be hurting as bad as we are!!!!!!!!!!
Yes you do. 42% of our oil is domestically derived.

All of it is refined here.

Re-read the article title and see if you can catch a ride on the happy clue bus.
R U Serious

El Paso, TX

#3 May 2, 2011
Any reason to stick it to the consumers while the gas companies get richer off oil. This price gouging by oil and gas companies is a crime of unheard of proportions and should be investigated by the Feds.

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#4 May 3, 2011
R U Serious wrote:
Any reason to stick it to the consumers while the gas companies get richer off oil. This price gouging by oil and gas companies is a crime of unheard of proportions and should be investigated by the Feds.
The dimocrats did investigate it in 2008. It was an embarrassment when found out that when prices went down, the oil companies lost money and their stocks plummeted. They also found out that at an average 5% profit they were averaging less than other commodity manufacturers. Most other companies were gleaning up to 12%.

Exxon-Mobil, our largest oil company, is only the 7th largest in the world. Hardly producing enough to affect the global price. In order for us to buy internationally, we have to sell as well.

Price gouging indeed. In the 70's, it went over a dollar. Price would be at $5 adjusted for inflation today. Or we can use Carter's genius policy of limited supply at a set price and have gas lines of 2 hours again.

Truth is, you've been buying it under price for decades.
Obama bin Biden

El Paso, TX

#6 May 3, 2011
Refinery outages?
B.S.

First they say it's the turmoil in the middle east....now it's refinery outages?

What are they going to say when the price of gas keeps going up?

Only the leftwing nutjob media really knows the answer to that quesion.

Since: Mar 11

Houston, TX

#7 May 3, 2011
SantaFemom wrote:
how on earth does the power outages and the plants shutting down. have anything to do with our gas prices? we depend on foreign oil!!!! not Texas oil... if we did use Texas Oil we wouldn't be hurting as bad as we are!!!!!!!!!!
You see, when the plants shut down, it causes a shortage of product on the market. Buyers who need the scant product are willing to pay more to get it because they need it to stay in business. In turn, they pass their cost on to you. It's called the free market.

Now if the government controlled the price, then no one would sell at the low price and buyers would shut down too. Then you would have no gas at the pump. See? So, don't let the government regulate anything and you will be better off.
Baby Bigfoot

El Paso, TX

#8 May 3, 2011
Obama bin Biden wrote:
Refinery outages?
B.S.
First they say it's the turmoil in the middle east....now it's refinery outages?
What are they going to say when the price of gas keeps going up?
Only the leftwing nutjob media really knows the answer to that quesion.
The price of gas is going up because they found a baby Bigfoot in Japan and he needs diapers. That's why. Next week they'll think of another reason to raise the price of oil and gas.

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Muffy

Pearland, TX

#9 May 3, 2011
If big oil knows the public is expecting the price of gas to go up, you can count on it.

Just heard on the national news that $4.00 per gallon is expected this week.....let's wait and see.

It's called "American Greed"
Robert

El Paso, TX

#10 May 3, 2011
The oil and gas companies seem to stick it to us every year about this time, just in time for the summertime 5 dollar a gallon gas. Do something Obama, gas prices are killing us and taking money away from our kids!!
Oregon is Disgusting

Portland, OR

#11 May 3, 2011
There is always something like this going on. Fire in the refinery, explosion in the refinery....what, record profits aren't enough?

Oil companies suck. When they aren't poisoning the environment and killing dolphins and pelicans they are refusing to pay income taxes like the bastards they are.
fruit bat alert

United States

#12 May 4, 2011
G-O-P = Gouging Oil Prices
Obama bin Biden

El Paso, TX

#13 May 5, 2011
Baby Bigfoot wrote:
<quoted text>The price of gas is going up because they found a baby Bigfoot in Japan and he needs diapers. That's why. Next week they'll think of another reason to raise the price of oil and gas.
The strange thing is that a barrel of oil is dropping.......the price was hovering around $112.00 per barrel, and is now $105.00.

http://www.oil-price.net/

Remember back in 2008 when gas almost hit $4.00 a gallon?
A barrel of oil was at $147.00 per barrel.

Things that make you go hmmmmmmm......

But have you noticed the price of food in the grocery store lateley?

My guess is that it's the falling dollar.........
www.endofamerica44.com
Obama bin Biden

El Paso, TX

#14 May 5, 2011
fruit bat alert wrote:
G-O-P = Gouging Oil Prices
Jajajaja, that's strange since the Senate and the office of the President is run by Dumocrats!!!!!

But the GOP will take it ALL BACK in 2012 baby!!!!!

Then we will start drilling for oil, create a million jobs....and you will thank us later.

Jajajajajaja.
Obama bin Biden

El Paso, TX

#15 May 5, 2011
Robert wrote:
The oil and gas companies seem to stick it to us every year about this time, just in time for the summertime 5 dollar a gallon gas. Do something Obama, gas prices are killing us and taking money away from our kids!!
You can thank your boy Obama and the Dumocrat party.
Since the Gulf Oil spill a year ago, we can't get the permits to drill and cut U.S. production by 13%.
Your boy wants windmills and solar panels to power America. What a joke.
Dumocrat Al Gore saved his farm buddies with ethanol and now 10% ethanol injection in your gas is increasing the price as well......and just an fyi, it costs alot more money to grow corn, harvest corn and turn it into ethanol than it does to pump oil out of the ground.
Federal, state and local tax on 1 gallon of gas is about .55cents.
Yet you pay for the roads and bridges every time you re-register your car that you already own and your inspection sticker that only lasts for a day.

It's funny that your boy Obama is letting Cuba drill in the Gulf and Mexico, but we can't.
Hey I know, lets give Brazil $10 Billion so THEY can drill offshore...but we can't....we don't know what we are doing.

Drill in Alaska????
Nope, EPA, too much polution.....

http://www.foxnews.com/us/2011/04/25/energy-a...

So, just suck it up like Obama says and stop complaining...and change that 8 cylinder car into a 4 cylinder, inflate your tires and carpool or take the bus.

Jajajajajajajaja.
mystery man

Santa Fe, TX

#16 May 5, 2011
hey f**K you bin laden

Since: Mar 11

Houston, TX

#17 May 5, 2011
Obama bin Biden wrote:
<quoted text>
The strange thing is that a barrel of oil is dropping.......the price was hovering around $112.00 per barrel, and is now $105.00.
http://www.oil-price.net/
Remember back in 2008 when gas almost hit $4.00 a gallon?
A barrel of oil was at $147.00 per barrel.
Things that make you go hmmmmmmm......
But have you noticed the price of food in the grocery store lateley?
My guess is that it's the falling dollar.........
www.endofamerica44.com
The price of oil represents about 2% of the oil sold on the spot market. All of the rest is sold in long term contracts between the producers and the refiners. In the case of the OPEC countries, they can raise or lower their price at will. The cost of gasoline does not always reflect the price of oil. Sometimes, as in the refinery explosion example, the scarcity of gasoline on the market causes the price to rise.

So, if refiners balk at high oil prices and a natural disaster hits (BP) and they lower their output, gas skyrockets. The price of gas always rises in the summer time. That is when the demand is greatest and the supply the leanest.

Oil companies are in business for a profit. Not to provide jobs, not to pay taxes, not to provide employees with benefits, not to ensure there is gas in your tank, not to fight social causes.
WTG

El Paso, TX

#20 May 5, 2011
There are alot of well-informed and educated posters on this thread. Good stuff you all. Thank you for your information.
Obamanation

El Paso, TX

#21 May 5, 2011
Muffy the Puffy wrote:
If big oil knows the public is expecting the price of gas to go up, you can count on it.
Just heard on the national news that $4.00 per gallon is expected this week.....let's wait and see.
It's called "American Greed"
Whatever.
You are being misguided by someone that doesn't know what they are talking about.
Here is the REAL reason of what is going on ALL AROUND THE WORLD!!!!
Remember the mideast turmoil in Egypt? Because of food prices!!!!!!

WWW.USDEBTCLOCK.ORG

Hey, I know lets PRINT SOME MORE MONEY so we can raise our debt ceiling!!!!
http://www.reuters.com/article/2011/05/04/us-...

You better wake up soon!!!!!!

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#22 May 5, 2011
KidShelleen wrote:
<quoted text>
The price of oil represents about 2% of the oil sold on the spot market. All of the rest is sold in long term contracts between the producers and the refiners. In the case of the OPEC countries, they can raise or lower their price at will. The cost of gasoline does not always reflect the price of oil. Sometimes, as in the refinery explosion example, the scarcity of gasoline on the market causes the price to rise.
So, if refiners balk at high oil prices and a natural disaster hits (BP) and they lower their output, gas skyrockets. The price of gas always rises in the summer time. That is when the demand is greatest and the supply the leanest.
Oil companies are in business for a profit. Not to provide jobs, not to pay taxes, not to provide employees with benefits, not to ensure there is gas in your tank, not to fight social causes.
Man, great post.

It baffles me that people demonize an industry that has no stated goal to be a non profit charity.

Think people will do that to GE, that got huge tax breaks to research solar panels and wind generation?

Take away all your trash bags, your contact lenses, keyboard, flat screen, cell phone, wire insulation, etc, and see how evil "big oil" is. They produce a product, taking the risks involved, pay huge amounts of tax, generate revenue for our economic system...and the liberals have heart attacks.
Ronnie

El Paso, TX

#23 May 5, 2011
The gas company's monopoly has got us by the balls. Badly too. Ouch!

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