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Author Topic: California Gasoline Climbs After Valero Plant Reports Breakdown Back to Topics
BurntOrange

Champion Author
Austin

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

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
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DanMtz
Champion Author Oakland

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Message Posted: Dec 12, 2012 6:20:40 PM

Sounds like they're crying wolf again.
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clpassenubye
Champion Author Los Angeles

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Message Posted: Dec 12, 2012 5:59:39 PM

Here we go again no good reason for gas to rise but the doom and gloom predictors are causing a false scarcity.
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nsdp
Champion Author San Antonio

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Message Posted: Dec 12, 2012 1:17:25 PM

Speculators at work. 8 hour shut down is not going to appreciably affect supplies.
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scu227
Champion Author New Haven

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Message Posted: Dec 12, 2012 8:28:27 AM

?????????????????????????
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DanMtz
Champion Author Oakland

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Message Posted: Dec 11, 2012 11:04:11 PM

Great, more refinery snafus.
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lesndave
Champion Author Texas

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Message Posted: Dec 11, 2012 10:55:10 PM

Hmmmmm
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dh0770
Champion Author Colorado

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Message Posted: Dec 11, 2012 7:49:20 PM

Convenient...
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bwatchingu
Champion Author Arkansas

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Message Posted: Dec 11, 2012 6:10:00 PM

Interesting article,but wondering about the people talking about the election that happened last month like it hasn't happened yet.?
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RonElp
All-Star Author El Paso

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Message Posted: Dec 11, 2012 6:08:54 PM

Poor California, they just can win.
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bisonjim
Champion Author Florida

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Message Posted: Dec 11, 2012 3:55:24 PM

What do Romney's pratfalls have to do with this article?
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BurntOrange
Champion Author Austin

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Message Posted: Dec 11, 2012 3:18:42 PM

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.
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heydano67
Champion Author California

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Message Posted: Dec 11, 2012 3:03:20 PM

Hasn't hit the pumps yet
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DeserTBoB
Champion Author California

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Message Posted: Dec 11, 2012 1:50:30 PM

"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.
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DeserTBoB
Champion Author California

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Message Posted: Dec 11, 2012 1:34:09 PM

"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.
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DeserTBoB
Champion Author California

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Message Posted: Dec 11, 2012 1:30:02 PM

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!
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schatzila
Champion Author Los Angeles

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Message Posted: Dec 11, 2012 12:32:09 PM

Tell me about it.
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YaBassa
Champion Author Michigan

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Message Posted: Dec 11, 2012 12:23:11 PM

Big Oil greed...they own and run the refineries and manipulate the supply and prices
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Tekkersmom57
Champion Author Syracuse

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Message Posted: Dec 11, 2012 12:09:30 PM

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!
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Teddy_KGB
Rookie Author Atlanta

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Message Posted: Dec 11, 2012 11:30:32 AM

I think its time for only two blends of gasoline: Regular and Premium
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peakkeller
Champion Author Colorado Springs

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Message Posted: Dec 11, 2012 11:15:22 AM

No material impact to production - whew!
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investmentdr
Champion Author Cleveland

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Message Posted: Dec 11, 2012 10:57:50 AM

mitt4prez, spot on re: supply and demand
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investmentdr
Champion Author Cleveland

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Message Posted: Dec 11, 2012 10:55:28 AM

CA only has itself to blame
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mitt4prez
Champion Author Tacoma

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Message Posted: Dec 11, 2012 10:52:02 AM

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.
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jamofsocal
Champion Author Los Angeles

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Message Posted: Dec 11, 2012 10:48:36 AM

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.
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TripleHs
Champion Author Austin

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Message Posted: Dec 11, 2012 10:47:41 AM

buck the trend
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MrDeath666
Champion Author Houston

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Message Posted: Dec 11, 2012 10:40:43 AM

Here we go again!
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BigTruc
Champion Author Memphis

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Message Posted: Dec 11, 2012 10:26:49 AM

Let'em drive less.
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dabayer
Champion Author New Hampshire

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Message Posted: Dec 11, 2012 10:17:44 AM

“There was no material impact to production”

Total speculation and hype, and gas price goes up!!!
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hornet17
Champion Author Vancouver

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Message Posted: Dec 11, 2012 10:16:32 AM

They had a failure, they restarted it, yet gas goes up?
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CostEngineer
Veteran Author Sacramento

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Message Posted: Dec 11, 2012 10:09:56 AM

Argh! Another little thing to make the prices go up.
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OTISFL
Champion Author Pensacola

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Message Posted: Dec 11, 2012 10:02:03 AM

Just another excuse.
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MikLamb
Champion Author Texas

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Message Posted: Dec 11, 2012 10:00:04 AM

So, the commodities price rose not because there was any impact to production, but just because a compressor shut down for 1 day? Ugh.
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atdinut
Champion Author California

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Message Posted: Dec 11, 2012 9:54:28 AM

Not again? A reason to rise prices!
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Van_Halen
Champion Author Atlanta

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Message Posted: Dec 11, 2012 9:53:04 AM

.
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!
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eschroth442
Champion Author Cleveland

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Message Posted: Dec 11, 2012 9:46:50 AM

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?
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TC5504
Champion Author West Virginia

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Message Posted: Dec 11, 2012 9:46:13 AM

Any reason to raise prices.
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cucamongacurtis
Champion Author San Bernardino

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Message Posted: Dec 11, 2012 9:45:05 AM

Uh-oh, not again. The California gasoline market is over-regulated. So, I am sure the answer is . . . more regulation.
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Gas_Eyes
Champion Author Dallas

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Message Posted: Dec 11, 2012 9:44:38 AM

Glad that I live in Texas where there is good refinery capacity.
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bsnort
Champion Author Huntsville

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Message Posted: Dec 11, 2012 9:43:21 AM

moonbeam to the rescue!
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cheap59
Champion Author Michigan

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Message Posted: Dec 11, 2012 9:42:33 AM

Here comes $5 again!
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BUSMAN1105
Champion Author Atlanta

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Message Posted: Dec 11, 2012 9:41:43 AM

NOT GOOD FOR THE CALIFORNIA DRIVERS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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evowner
Champion Author Salem

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Message Posted: Dec 11, 2012 9:14:57 AM

Quite a business plan, shut refinery down short term to raise profits long term. Federalize the industry it's risking our national security.
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bcline909
Veteran Author Virginia

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Message Posted: Dec 11, 2012 9:13:23 AM

compresser problems
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humblepie
Champion Author Toledo

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Message Posted: Dec 11, 2012 9:08:34 AM

simple consequences of "carbob" and other mandates
it hurts to e green
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eomc17
Champion Author Tucson

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Message Posted: Dec 11, 2012 9:04:45 AM

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.
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orphancarguyPE
Champion Author PEI

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Message Posted: Dec 11, 2012 9:02:16 AM

Quote:

“There was no material impact to production”

but the jittery market rose anyway.
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bbchevy
Veteran Author Ontario

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Message Posted: Dec 11, 2012 9:00:20 AM

And there is no backup compressor, sounds like they need an excuse to increase prices again.
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