GasBuddy Blog

Message Forum - Read Message

Category: Daily News Article Discussions > Topics	Add to favorite topics

Author	Topic: California Gasoline Climbs After Valero Plant Reports Breakdown	Post a Reply Back to Topics

BurntOrange Champion Author Austin Posts:8,722 Points:1,582,040 Joined:Nov 2007	Message Posted: Dec 11, 2012 8:54:21 AM Ignore BurntOrange Report Abuse California spot gasoline rose against futures after Valero Energy Corp reported a compressor breakdown at the Wilmington refinery near Los Angeles. The 78,000-barrel-a-day refinery restarted the compressor after the failure yesterday, a filing with federal regulators shows. Valero said in a separate notice to the South Coast Air Quality Management District that the plant may flare gases because of a breakdown. “There was no material impact to production” at the refinery, Bill Day, a spokesman at Valero’s headquarters in San Antonio, said by e-mail. California-blend gasoline, or Carbob, in Los Angeles gained for a third day, rising 3.5 cents to a discount of 4 cents a gallon versus gasoline futures traded on the New York Mercantile Exchange at 3:52 p.m. East Coast time, ... Visit Bloomberg Businessweek for full article

BurntOrange

Champion Author
Austin

Posts:8,722
Points:1,582,040
Joined:Nov 2007

Message Posted: Dec 11, 2012 8:54:21 AM

Ignore BurntOrange Report Abuse

California spot gasoline rose against futures after Valero Energy Corp reported a compressor breakdown at the Wilmington refinery near Los Angeles.

The 78,000-barrel-a-day refinery restarted the compressor after the failure yesterday, a filing with federal regulators shows. Valero said in a separate notice to the South Coast Air Quality Management District that the plant may flare gases because of a breakdown.

“There was no material impact to production” at the refinery, Bill Day, a spokesman at Valero’s headquarters in San Antonio, said by e-mail.

California-blend gasoline, or Carbob, in Los Angeles gained for a third day, rising 3.5 cents to a discount of 4 cents a gallon versus gasoline futures traded on the New York Mercantile Exchange at 3:52 p.m. East Coast time, ...
Visit Bloomberg Businessweek for full article

REPLIES (newest first)Ignore Short Messages

DanMtz Champion Author Oakland Posts:3,345 Points:1,241,375 Joined:Oct 2009	Message Posted: Dec 12, 2012 6:20:40 PM Ignore DanMtz Report Abuse Sounds like they're crying wolf again.
clpassenubye Champion Author Los Angeles Posts:3,359 Points:751,730 Joined:Mar 2011	Message Posted: Dec 12, 2012 5:59:39 PM Ignore clpassenubye Report Abuse Here we go again no good reason for gas to rise but the doom and gloom predictors are causing a false scarcity.
nsdp Champion Author San Antonio Posts:1,117 Points:47,290 Joined:Jun 2012	Message Posted: Dec 12, 2012 1:17:25 PM Ignore nsdp Report Abuse Speculators at work. 8 hour shut down is not going to appreciably affect supplies.
scu227 Champion Author New Haven Posts:4,147 Points:770,905 Joined:Feb 2011	Message Posted: Dec 12, 2012 8:28:27 AM Ignore scu227 Report Abuse ?????????????????????????
DanMtz Champion Author Oakland Posts:3,345 Points:1,241,375 Joined:Oct 2009	Message Posted: Dec 11, 2012 11:04:11 PM Ignore DanMtz Report Abuse Great, more refinery snafus.
lesndave Champion Author Texas Posts:3,032 Points:700,180 Joined:May 2011	Message Posted: Dec 11, 2012 10:55:10 PM Ignore lesndave Report Abuse Hmmmmm
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Dec 11, 2012 7:49:20 PM Ignore dh0770 Report Abuse Convenient...
bwatchingu Champion Author Arkansas Posts:1,735 Points:599,670 Joined:Jan 2009	Message Posted: Dec 11, 2012 6:10:00 PM Ignore bwatchingu Report Abuse Interesting article,but wondering about the people talking about the election that happened last month like it hasn't happened yet.?
RonElp All-Star Author El Paso Posts:763 Points:109,620 Joined:Aug 2012	Message Posted: Dec 11, 2012 6:08:54 PM Ignore RonElp Report Abuse Poor California, they just can win.
bisonjim Champion Author Florida Posts:1,050 Points:205,255 Joined:May 2012	Message Posted: Dec 11, 2012 3:55:24 PM Ignore bisonjim Report Abuse What do Romney's pratfalls have to do with this article?
BurntOrange Champion Author Austin Posts:8,722 Points:1,582,040 Joined:Nov 2007	Message Posted: Dec 11, 2012 3:18:42 PM Ignore BurntOrange Report Abuse DeserTBoB wrote: "Mitt's too dumb to be President. Most Republicans are." ------------------------------------------------ Not all of us can be the rocket surgeon that you clearly are.
heydano67 Champion Author California Posts:1,661 Points:357,435 Joined:Feb 2012	Message Posted: Dec 11, 2012 3:03:20 PM Ignore heydano67 Report Abuse Hasn't hit the pumps yet
DeserTBoB Champion Author California Posts:1,334 Points:200,200 Joined:Aug 2012	Message Posted: Dec 11, 2012 1:50:30 PM Ignore DeserTBoB Report Abuse "mitt4prez, spot on re: supply and demand" ---investmentdr Mittens wasn't right about much of anything. He picked loony Bay Buchanan as a "senior strategist." That's about as dumb as you can get! Then, he believes his own campaign's shill polling, which cost him Ohio. Mitt's too dumb to be President. Most Republicans are.
DeserTBoB Champion Author California Posts:1,334 Points:200,200 Joined:Aug 2012	Message Posted: Dec 11, 2012 1:34:09 PM Ignore DeserTBoB Report Abuse "I think its time for only two blends of gasoline: Regular and Premium" ---Teddy KGB California is considering taking "midgrade" off the market. The only people who buy midgrade and premium are usually idiots. 99% of the cars on the road DO NOT BENEFIT from using higher octane gasoline. Also, you DO realize that addition of ethanol boosts octane, right? No? Dummy.
DeserTBoB Champion Author California Posts:1,334 Points:200,200 Joined:Aug 2012	Message Posted: Dec 11, 2012 1:30:02 PM Ignore DeserTBoB Report Abuse Bloomberg's full of crap. Regular just dove down another nickel this morning, after falling a quarter the past week. The speculators who trade futures are the only ones getting screwed...and it's ABOUT TIME!
schatzila Champion Author Los Angeles Posts:4,944 Points:1,015,645 Joined:Jun 2010	Message Posted: Dec 11, 2012 12:32:09 PM Ignore schatzila Report Abuse Tell me about it.
YaBassa Champion Author Michigan Posts:2,425 Points:516,125 Joined:Nov 2011	Message Posted: Dec 11, 2012 12:23:11 PM Ignore YaBassa Report Abuse Big Oil greed...they own and run the refineries and manipulate the supply and prices
Tekkersmom57 Champion Author Syracuse Posts:1,874 Points:700,215 Joined:May 2010	Message Posted: Dec 11, 2012 12:09:30 PM Ignore Tekkersmom57 Report Abuse Isn't this a repeat of October news? The gas prices soared and then there was an investigation that the refinery truly wasn't down as was reported. I wonder if this is a repeat ploy to artificially raise prices again. Sorry California people for your hardships. Something should be done about this!
Teddy_KGB Rookie Author Atlanta Posts:42 Points:5,150 Joined:Oct 2012	Message Posted: Dec 11, 2012 11:30:32 AM Ignore Teddy_KGB Report Abuse I think its time for only two blends of gasoline: Regular and Premium
peakkeller Champion Author Colorado Springs Posts:1,686 Points:776,375 Joined:Dec 2009	Message Posted: Dec 11, 2012 11:15:22 AM Ignore peakkeller Report Abuse No material impact to production - whew!
investmentdr Champion Author Cleveland Posts:4,024 Points:1,454,075 Joined:Sep 2008	Message Posted: Dec 11, 2012 10:57:50 AM Ignore investmentdr Report Abuse mitt4prez, spot on re: supply and demand
investmentdr Champion Author Cleveland Posts:4,024 Points:1,454,075 Joined:Sep 2008	Message Posted: Dec 11, 2012 10:55:28 AM Ignore investmentdr Report Abuse CA only has itself to blame
mitt4prez Champion Author Tacoma Posts:1,742 Points:1,244,475 Joined:Nov 2007	Message Posted: Dec 11, 2012 10:52:02 AM Ignore mitt4prez Report Abuse It's because suupply is so narrowly balanced versus demand. Supply is artificially choked off by the gasoline regs CA insists on imposing. The oil companies would be well advised to turn to Moonbeam and say, hey , forget about spending billions you don't have on high-speed trains to nowhere. Buy our refineries instead. YOU handle the supply end of California gasoline. All The Won's worshippers should think that's a swell idea.
jamofsocal All-Star Author Los Angeles Posts:935 Points:228,865 Joined:Aug 2012	Message Posted: Dec 11, 2012 10:48:36 AM Ignore jamofsocal Report Abuse We knew this was coming. And in a few weeks we will hear about some politician that wants to investigate the high price of gasoline in California. . .again.
TripleHs Champion Author Austin Posts:3,355 Points:916,490 Joined:Oct 2009	Message Posted: Dec 11, 2012 10:47:41 AM Ignore TripleHs Report Abuse buck the trend
MrDeath666 Champion Author Houston Posts:1,611 Points:243,215 Joined:Sep 2012	Message Posted: Dec 11, 2012 10:40:43 AM Ignore MrDeath666 Report Abuse Here we go again!
BigTruc All-Star Author Memphis Posts:952 Points:779,465 Joined:Jul 2004	Message Posted: Dec 11, 2012 10:26:49 AM Ignore BigTruc Report Abuse Let'em drive less.
dabayer Champion Author New Hampshire Posts:2,748 Points:623,080 Joined:Oct 2005	Message Posted: Dec 11, 2012 10:17:44 AM Ignore dabayer Report Abuse “There was no material impact to production” Total speculation and hype, and gas price goes up!!!
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Dec 11, 2012 10:16:32 AM Ignore hornet17 Report Abuse They had a failure, they restarted it, yet gas goes up?
CostEngineer Veteran Author Sacramento Posts:255 Points:141,455 Joined:Mar 2011	Message Posted: Dec 11, 2012 10:09:56 AM Ignore CostEngineer Report Abuse Argh! Another little thing to make the prices go up.
OTISFL Champion Author Pensacola Posts:4,605 Points:864,840 Joined:Apr 2009	Message Posted: Dec 11, 2012 10:02:03 AM Ignore OTISFL Report Abuse Just another excuse.
MikLamb Champion Author Texas Posts:7,980 Points:2,174,145 Joined:Jun 2006	Message Posted: Dec 11, 2012 10:00:04 AM Ignore MikLamb Report Abuse So, the commodities price rose not because there was any impact to production, but just because a compressor shut down for 1 day? Ugh.
atdinut Champion Author California Posts:1,608 Points:353,985 Joined:Apr 2012	Message Posted: Dec 11, 2012 9:54:28 AM Ignore atdinut Report Abuse Not again? A reason to rise prices!
Van_Halen Champion Author Atlanta Posts:2,847 Points:640,440 Joined:Apr 2011	Message Posted: Dec 11, 2012 9:53:04 AM Ignore Van_Halen Report Abuse . Once again, no major refinery has been built in America since 1979! And you wonder why gasoline prices are so high and spike every time a refinery hiccups!
eschroth442 Champion Author Cleveland Posts:1,074 Points:331,770 Joined:Nov 2011	Message Posted: Dec 11, 2012 9:46:50 AM Ignore eschroth442 Report Abuse a btterfly farted at a western refinery, Gas prices will rise!!! What is the deal?? Doesn't this refinery have a maintanence dept? Don't they have backup equipment? If a valve sticks how does the press get to know about this?
TC5504 All-Star Author West Virginia Posts:932 Points:192,950 Joined:Sep 2012	Message Posted: Dec 11, 2012 9:46:13 AM Ignore TC5504 Report Abuse Any reason to raise prices.
cucamongacurtis Champion Author San Bernardino Posts:1,034 Points:219,135 Joined:Oct 2012	Message Posted: Dec 11, 2012 9:45:05 AM Ignore cucamongacurtis Report Abuse Uh-oh, not again. The California gasoline market is over-regulated. So, I am sure the answer is . . . more regulation.
Gas_Eyes Champion Author Dallas Posts:2,672 Points:643,885 Joined:Mar 2011	Message Posted: Dec 11, 2012 9:44:38 AM Ignore Gas_Eyes Report Abuse Glad that I live in Texas where there is good refinery capacity.
bsnort Veteran Author Huntsville Posts:423 Points:233,835 Joined:Aug 2012	Message Posted: Dec 11, 2012 9:43:21 AM Ignore bsnort Report Abuse moonbeam to the rescue!
cheap59 Champion Author Michigan Posts:4,240 Points:960,770 Joined:May 2010	Message Posted: Dec 11, 2012 9:42:33 AM Ignore cheap59 Report Abuse Here comes $5 again!
BUSMAN1105 Champion Author Atlanta Posts:2,152 Points:1,169,070 Joined:Aug 2008	Message Posted: Dec 11, 2012 9:41:43 AM Ignore BUSMAN1105 Report Abuse NOT GOOD FOR THE CALIFORNIA DRIVERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
evowner Champion Author Salem Posts:2,177 Points:357,535 Joined:May 2012	Message Posted: Dec 11, 2012 9:14:57 AM Ignore evowner Report Abuse Quite a business plan, shut refinery down short term to raise profits long term. Federalize the industry it's risking our national security.
bcline909 Veteran Author Virginia Posts:401 Points:80,170 Joined:Nov 2012	Message Posted: Dec 11, 2012 9:13:23 AM Ignore bcline909 Report Abuse compresser problems
humblepie Champion Author Toledo Posts:34,174 Points:2,370,395 Joined:Mar 2006	Message Posted: Dec 11, 2012 9:08:34 AM Ignore humblepie Report Abuse simple consequences of "carbob" and other mandates it hurts to e green
eomc17 Champion Author Tucson Posts:1,822 Points:134,145 Joined:Mar 2007	Message Posted: Dec 11, 2012 9:04:45 AM Ignore eomc17 Report Abuse typical big oil. You have a BP refinery in Washington that went down, then a Chevron refinery in California that went down, and an Exxon-Mobil refinery that went down in Texas, now a Valero refinery problem in California. This can't be a coincidence. These crooks do whatever it takes to make sure they take us out to the cleaners at the gas pumps. Valero is the one of the companies, along with Conoco Philips, that shut down and sold so many refineries in the Northeast to create a chronic gasoline shortage in that region. Come on, Washington, it's time to do your jobs and protect your people from being robbed. Oh I forgot, you frauds want to do the same to us with this impending fiscal cliff and the infamous Obamacare.
orphancarguyPE Champion Author PEI Posts:3,843 Points:734,015 Joined:Jan 2011	Message Posted: Dec 11, 2012 9:02:16 AM Ignore orphancarguyPE Report Abuse Quote: “There was no material impact to production” but the jittery market rose anyway.
bbchevy Veteran Author Ontario Posts:345 Points:308,265 Joined:Dec 2010	Message Posted: Dec 11, 2012 9:00:20 AM Ignore bbchevy Report Abuse And there is no backup compressor, sounds like they need an excuse to increase prices again.