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Author Topic: Refinery fire hits just as gas prices set to drop Back to Topics
PD

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Message Posted: Oct 24, 2013 12:48:00 PM

A refinery fire Wednesday has the potential to temporarily throw a towel in to a recent run of declining prices in a few Great Lakes states in the week ahead.

According to several sources, a refinery fire hit Citgo's Lemont, IL refinery outside Chicago and resulted in several units going offline at the facility. While no one was injured, damage reports have not yet surfaced. Gasoline markets were already responding, however, with wholesale gasoline prices spiking initially.

The only caveat is that motorists may not see prices rise at the pump, rather prices may not decline as far as they otherwise would. In the three days before the accident, wholesale prices in the region had fallen to their lowest level in 2013, but rising...

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REPLIES (newest first) Post a Reply
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rosa403
Champion Author Indiana

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Message Posted: Jan 4, 2014 10:55:02 AM

sure
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gasmask78
Champion Author Virginia

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Message Posted: Jan 4, 2014 12:48:34 AM

Yep
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gasmask78
Champion Author Virginia

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Message Posted: Jan 4, 2014 12:47:59 AM

Drop Zone.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Dec 26, 2013 2:57:22 PM

Set to drop? You need to come to Greedway country. We jumped 20 cents last week, and another 40 today.
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craigsfrank
Champion Author Arkansas

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Message Posted: Dec 26, 2013 2:45:25 PM

I can't believe gas prices were about to drop during this time of the year!
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pilotmass
Champion Author Boston

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Message Posted: Dec 24, 2013 8:55:52 AM

I knew as soon as BP new refinery went online they'd do something like this. Its intentional.
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 3, 2013 7:16:04 AM

of course, it's so convenient between Labor Day and T-Day...
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LuckysMN
Rookie Author Twin Cities

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Message Posted: Nov 2, 2013 4:31:06 PM

agree
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 2, 2013 7:59:19 AM

they charge more to make up the "shortfall," that's for sure priceckr.
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pricechecker08
Champion Author Ohio

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Message Posted: Nov 1, 2013 10:33:53 AM

They charge more to make up for what they do not sell?
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JMW1942
Champion Author Michigan

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Message Posted: Nov 1, 2013 6:27:11 AM

agree
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honda0105
Champion Author Tallahassee

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Message Posted: Nov 1, 2013 5:45:10 AM

It's good for Pig Oil in general, options.
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optionstrader
Champion Author Indiana

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Message Posted: Oct 31, 2013 1:03:28 PM

Better for all the other refiners, terrible for Lemont and Midwest consumers.
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chas_3rd
Rookie Author Detroit

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Message Posted: Oct 31, 2013 9:29:40 AM

Prices dropping??? "Throw a match on it Bill."
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 31, 2013 5:58:17 AM

of course, the argument is, there's not enough distilled product to sell, so the price has to rise, right? (hmmm.. how convenient for Pig Oil...)
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 31, 2013 5:56:35 AM

wow, that's bad JMW.
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JMW1942
Champion Author Michigan

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Message Posted: Oct 30, 2013 9:05:48 AM

25 cent jump this am!
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 30, 2013 5:55:51 AM

Rap: not quite that drastic indeed. But some jumping last week, though it's slowly dropping again.
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DrSam46545
Champion Author South Bend

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Message Posted: Oct 29, 2013 3:29:17 PM

How conveeeenient!
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RapMassaG
Champion Author Cincinnati

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Message Posted: Oct 29, 2013 12:40:55 PM

Honda: I am watching stations here jump 30-40 cents today. I doubt Florida is seeing that kind of action today.
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Chris46
Champion Author Dayton

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Message Posted: Oct 29, 2013 12:37:42 PM

Its always something!
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 29, 2013 5:48:35 AM

Rap: not just Greedway states.
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RapMassaG
Champion Author Cincinnati

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Message Posted: Oct 28, 2013 9:23:08 PM

Greedway states will spike tomorrow or Wednesday
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SPVFD47
Champion Author New Jersey

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Message Posted: Oct 28, 2013 2:43:13 PM

Old
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 28, 2013 5:48:43 AM

jim: you betcha. Already started.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Oct 28, 2013 12:48:49 AM

repeat
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jim27106
All-Star Author North Carolina

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Message Posted: Oct 27, 2013 12:37:16 PM

Any excuse to raise prices. I bet they will increase here in the Southeast.
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madocON
Sophomore Author Ontario

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Message Posted: Oct 27, 2013 9:20:34 AM

they can use it either way
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honda0105
Champion Author Tallahassee

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Message Posted: Oct 27, 2013 7:57:09 AM

funny that it hits just as the prices drop. Coincidence? I don't think so.
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tomok
Champion Author Portland

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Message Posted: Oct 27, 2013 7:34:24 AM

Refinery fire hits just as gas prices set to drop. Fire in a unit that process crude oil - Damn, it's always something! More diligence needed so refinery fires are fewer and far between And there is less impact on fuel prices at the pump. Fuel prices may not rise but they will not drop as much as they would have without the fire. Now where did that guy go with the match for the governments very expensive health care program? Burn that crap and get rid of it forever!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
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KrsnaDragon
Champion Author Montreal

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Message Posted: Oct 27, 2013 4:58:54 AM

Old 'news'.
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kd5kpd
Champion Author Texas

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Message Posted: Oct 27, 2013 4:50:21 AM

Old news
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JasTheAce
Champion Author Raleigh

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Message Posted: Oct 27, 2013 4:45:35 AM

Yikes
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TheeRedRam
Champion Author Hartford

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Message Posted: Oct 27, 2013 4:42:30 AM

Real old News
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fratt
Champion Author Grand Rapids

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Message Posted: Oct 27, 2013 4:37:33 AM

Old news.
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mysub
Champion Author Las Vegas

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Message Posted: Oct 27, 2013 4:35:55 AM

Old post
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R209
Champion Author California

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Message Posted: Oct 27, 2013 4:28:54 AM

Old
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TXryder
Champion Author Texas

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Message Posted: Oct 27, 2013 4:27:51 AM

Old News
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MarAzul
Champion Author London

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Message Posted: Oct 27, 2013 4:25:45 AM

Old news.
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DisMusBeDaPlaz
Champion Author Tampa

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Message Posted: Oct 27, 2013 4:25:17 AM

Set back after set back.
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chuckwthompson
Champion Author Charlotte

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Message Posted: Oct 27, 2013 4:21:33 AM

Just another excuse to raise prices.
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twt
Champion Author Virginia Beach

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Message Posted: Oct 27, 2013 4:18:54 AM

Old news.
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twobroke61
Champion Author Michigan

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Message Posted: Oct 27, 2013 4:16:46 AM

old new article
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lindact
Champion Author New Haven

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Message Posted: Oct 27, 2013 4:15:28 AM

Old...
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mazdaboy
Champion Author Portland

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Message Posted: Oct 27, 2013 4:04:18 AM

Lower gas prices are leading indicators to events that cause the prices to rise.
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lgwhitlock
Champion Author Chico

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Message Posted: Oct 27, 2013 4:03:11 AM

Yesterday's news...
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kgbellman
Champion Author Ann Arbor

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Message Posted: Oct 27, 2013 4:00:08 AM

repeat
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mickeymike
Champion Author Pennsylvania

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Message Posted: Oct 27, 2013 3:47:39 AM

Nother Oldie!
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findcheap
Champion Author Los Angeles

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Message Posted: Oct 27, 2013 3:43:42 AM

speculation
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UBDave
Champion Author British Columbia

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Message Posted: Oct 27, 2013 3:40:22 AM

Slow day in the news department...
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