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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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Points:1,163,170
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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REPLIES (newest first) Post a Reply
remay
Champion Author Houston

Posts:9,996
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Message Posted: Aug 20, 2013 11:56:32 PM

Here we go?
DanMtz
Champion Author Oakland

Posts:6,603
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Message Posted: Aug 20, 2013 8:00:38 PM

Operational issue, huh?
scu227
Champion Author New Haven

Posts:8,650
Points:1,549,480
Joined:Feb 2011
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.
dandvicb
Champion Author Bridgeport

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

Maket Manipulation!!
Sneakers55
Champion Author Houston

Posts:64,001
Points:2,800,715
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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...
nurdco
Champion Author Colorado Springs

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

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

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

Price control.
agrico
Champion Author New Orleans

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

Louisiana price went down today
Buickdriver7
Champion Author Ontario

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Joined:Jan 2011
Message Posted: Aug 19, 2013 8:48:56 PM

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

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

Market!
Pramodsharma
Champion Author Richmond

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

just to raise prices?
Snowball2013
Champion Author Yakima

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

Gouge us for any reason
ktbaeohana
Champion Author Las Vegas

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

watch and see.
APlus
Champion Author San Antonio

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

Sad to hear about this.
comprof
Champion Author Houston

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

We definitely need more refineries.
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.
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.
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
xgojim
Champion Author Michigan

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Points:1,163,170
Joined:Mar 2011
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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