Gas prices jump following refinery ou...

Gas prices jump following refinery outages

There are 31 comments on the MySanAntonio.com story from Apr 30, 2011, titled Gas prices jump following refinery outages. In it, MySanAntonio.com reports that:

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.

Join the discussion below, or Read more at MySanAntonio.com.

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Obama bin Biden

El Paso, TX

#24 May 7, 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.
Sorry I misunderstood your post.
I must have drank the Obama koolaide for a second there.

Sorry about that.

Cheers.
Obama bin Biden

El Paso, TX

#25 May 7, 2011
KidShelleen wrote:
<quoted text>
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.
Sorry again,
Not sure how I misunderstood your posts.....I will lay off the Obama koolaide for sure.

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#26 May 7, 2011
Obama bin Biden wrote:
<quoted text>
Sorry again,
Not sure how I misunderstood your posts.....I will lay off the Obama koolaide for sure.
Typical conservative. Taking responsibility for a simple error, and making a polite apology while giving credit to others for being right.

Hey, I made a prediction a while ago that it will hit $4.25 and then go through a decline, going down to $2.65. We'll see how I do. Start of decline was supposed to be September, I could be off. I think we'll see it at $3.85 during the summer, perhaps $3.45 now with the crude having dropped this week.

Too bad Obama won't let us drill and instead lets Mexico and Brazil take it.
Juan

Pearland, TX

#27 May 7, 2011
Mexico has their own oil.
Obama bin Biden

El Paso, TX

#28 May 8, 2011
MJayM wrote:
<quoted text>
Typical conservative. Taking responsibility for a simple error, and making a polite apology while giving credit to others for being right.
Hey, I made a prediction a while ago that it will hit $4.25 and then go through a decline, going down to $2.65. We'll see how I do. Start of decline was supposed to be September, I could be off. I think we'll see it at $3.85 during the summer, perhaps $3.45 now with the crude having dropped this week.
Too bad Obama won't let us drill and instead lets Mexico and Brazil take it.
Thanks MJayM.
I appreciate your forgiveness. We all sure could use it right about now huh?
Like the Eagles song. "Forgiveness"
And for the love of Chuck Debroder (hope I spelled it right) I hope you are right about the gas prices, because they are killing us.
Alot of uninformed people keep blaming the oil companies and not our own current administration for the problems at hand.
Hopefully they will wake up one of these days.
Soon???????

Jajajajaja

Later MjayM.
You must be from the NorthEast huh?

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#29 May 8, 2011
Juan wrote:
Mexico has their own oil.
Yes Juan, very good.

“Pet me or I'll bite you”

Since: Jul 07

Richardson, Texas

#30 May 8, 2011
Obama bin Biden wrote:
<quoted text>
Thanks MJayM.
I appreciate your forgiveness. We all sure could use it right about now huh?
Like the Eagles song. "Forgiveness"
And for the love of Chuck Debroder (hope I spelled it right) I hope you are right about the gas prices, because they are killing us.
Alot of uninformed people keep blaming the oil companies and not our own current administration for the problems at hand.
Hopefully they will wake up one of these days.
Soon???????
Jajajajaja
Later MjayM.
You must be from the NorthEast huh?
A lot of people are predicting the 5 and 6 dollar oil, but I just can't see any market forces taking it that high.

If you mean Northeast Texas, then yes. Lived in TX all my life, Dallas and Austin.
Obama bin Biden

El Paso, TX

#31 May 9, 2011
MJayM wrote:
<quoted text>
A lot of people are predicting the 5 and 6 dollar oil, but I just can't see any market forces taking it that high.
If you mean Northeast Texas, then yes. Lived in TX all my life, Dallas and Austin.
As long as it's Texas. That's what matters.

Did you notice a barrel of oil has dropped below $100.00?
http://www.oil-price.net/

There was a big drop after COMEX did something??? I don't understand exactly what, but commodities dropped and so did oil.

My guess is that gas prices will level off, but don't think they will go down, if they do go down, they won't go down much.
Then they will climb again.

Remember when Bush was in office and gas hit $4.00 per gallon, but a barrel of oil was at $147.00.
Something is up and it's not normal.
I think they (whoever that is) is manipulating things to try to make them appear normal, but they can't.

I believe the dollar is dropping and that's why everything is going up. Have you seen the grocery prices lately?
Wow.
Some people are saying $100.00 for a loaf of bread!!!!!!
I know that sounds crazy, but I'm preparing the best I can.

How about you?
Juan

Pearland, TX

#32 May 9, 2011
Still cheaper than many countries in Europe.

Gringo always crying about something.
Obama bin Biden

El Paso, TX

#33 May 10, 2011
Juant Illegals here wrote:
Still cheaper than many countries in Europe.
Gringo always crying about something.
Jajajajaja, stupid liberals always throwing the race card.
Nothing new.
Obama bin Biden

El Paso, TX

#34 May 10, 2011
Juan wrote:
Mexico has their own oil.
Jajajajaja, Mexico sucks!!!!!

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