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Author Topic: Gulf Coast Gasoline Strengthens After Texas Refinery Shuts Units Back to Topics
xgojim

Champion Author
Michigan

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Joined:Mar 2011
Message Posted: Aug 19, 2013 3:02:53 PM

U.S. Gulf Coast gasoline strengthened versus futures after the nation’s largest refinery halted a unit, adding to shutdowns in the region amid a forecast for increased exports. Conventional, 85-octane gasoline, or CBOB, on the Gulf Coast gained 0.75 cent to a discount of 19 cents a gallon below New York Mercantile Exchange futures at 12:32 p.m., according to data compiled by Bloomberg. Conventional, 87-octane gasoline strengthened by 1 cent to 9.5 cents a gallon less than futures. Ultra-low-sulfur diesel was unchanged at 2.88 cents a gallon below ULSD futures. Motiva Enterprises LLC said it shut a unit at its 600,000-barrel-a-day Port Arthur, Texas, refinery after an operational issue on Aug. 17. The plant is shutting more units and running others at reduced rates, Destin Singleton, a Hous
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remay
Champion Author Houston

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Message Posted: Aug 20, 2013 11:56:32 PM

Here we go?
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DanMtz
Champion Author Oakland

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Message Posted: Aug 20, 2013 8:00:38 PM

Operational issue, huh?
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scu227
Champion Author New Haven

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Message Posted: Aug 20, 2013 8:33:22 AM

MANIPULATION, SPECULATION and GREEEEEEEEEEEEEEEEEEEEED !!!!

If we have enough to export then we have enough for our own use. STOP exporting just to manipulate the inventory numbers to increase prices.
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dandvicb
Champion Author Bridgeport

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Message Posted: Aug 20, 2013 6:29:41 AM

Maket Manipulation!!
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Sneakers55
Champion Author Houston

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Message Posted: Aug 19, 2013 11:25:55 PM

Motiva Port Arthur? Somebody explain why the local Shell station's price decreased yesterday...
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nurdco
Champion Author Colorado Springs

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Message Posted: Aug 19, 2013 11:18:24 PM

No wonder the price hike...
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davenles
Champion Author Texas

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Message Posted: Aug 19, 2013 10:25:07 PM

Price control.
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agrico
Champion Author New Orleans

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Message Posted: Aug 19, 2013 9:36:51 PM

Louisiana price went down today
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Buickdriver7
Champion Author Ontario

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Message Posted: Aug 19, 2013 8:48:56 PM

Shutdowns=contrived price fixing!
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Rayfuel
All-Star Author Houston

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Message Posted: Aug 19, 2013 8:44:26 PM

Market!
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Pramodsharma
Champion Author Richmond

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Message Posted: Aug 19, 2013 8:37:44 PM

just to raise prices?
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Snowball2013
Champion Author Yakima

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Message Posted: Aug 19, 2013 7:42:36 PM

Gouge us for any reason
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ktbaeohana
Champion Author Las Vegas

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Message Posted: Aug 19, 2013 5:58:33 PM

watch and see.
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APlus
Champion Author San Antonio

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Message Posted: Aug 19, 2013 4:46:05 PM

Sad to hear about this.
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comprof
Champion Author Houston

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Message Posted: Aug 19, 2013 4:31:47 PM

We definitely need more refineries.
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montpelier28
Champion Author Vermont

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Message Posted: Aug 19, 2013 4:22:13 PM

New refineries needed, again spend some money Big Oil.
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WestDriver
Champion Author Grand Rapids

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Message Posted: Aug 19, 2013 4:04:42 PM

More small versatile refineries will help exports and gasoline prices.
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humblepie
Champion Author Toledo

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Message Posted: Aug 19, 2013 3:17:57 PM

we need at least a dozen new refineries spread across America to correct this problem
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xgojim
Champion Author Michigan

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Message Posted: Aug 19, 2013 3:04:24 PM

There's always something. I don't think it's possible to go for more than a few days without some extraneous event causing extra speculation and prices to rise.
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