Posted on 09/05/2005 5:19:28 PM PDT by lightman
Half of Damaged Refineries Near Restarting
JACKSON (AP) - As half of the Gulf Coast refineries damaged by Hurricane Katrina begin to ramp up production this week, industry experts have this message: be patient...
Eight major refineries that produce gasoline, diesel and jet fuel and heating oil were knocked out of commission and the output at two others was cut by last week's killer hurricane and the flooding that followed. That cut overall U.S. refining capacity by more than 10 percent and contributed to a surge in retail gasoline prices and spot shortages around the country.
Motiva Enterprises LLC, Marathon Oil Corp. and Valero Energy Corp. said that they hope to restart, and in some cases make fully operational, four of those refineries this week.... Other developments critical to the Gulf's recovery include:
_ The Louisiana Offshore Oil Port, the nation's largest oil import terminal, has been unloading tankers, operating at about 75 percent capacity. It may hit full capacity this week.
_ Colonial Pipeline Co., which transports refined products from Houston to as far away as the Northeast, is operating at 76 percent capacity, up 3 percent from its weekend report.
_ Kinder Morgan Energy Partners' Plantation Pipe Line Co., which transports fuel from refineries to Eastern markets, has been capable of full capacity operations once it receives fuel from downed refineries.
_ Shell Pipeline Co.'s Capline pipeline system, which transport crude oil into the Midwest, is operating at approximately 40,000 barrels per hour; the normal rate is 45,000 barrels per hour.
(Excerpt) Read more at news.moneycentral.msn.com ...
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Good post. I agree.
Gasoline is trading at $2.08/gal which is about 75 cents less than Tuesday.
The Merc is open for business.
I went down our main drag to get a picture of the attendants putting up the lower prices, but got tired of waiting. When someone farts in a refinery, the price goes up before the smell hits.
two gas stations in my home town one @ 3.59 the other @ 3.19 they're a block apart. ( no, gouging isn't happening here gov. baldacci.) moron.
what's the $3.19 waiting for?
We are down $.10 today.
my empty gas tank.
I saw $2.95 on the way into work.
Down 0.14 this weekend alone.
I was hoping this could be temporary but I didn't think it would be this quick.
ping
Never underestimate the resilience of Americans. Unless you're the mainstream media ... in which case, shut the f*** up.
under $3.00 in some places in Virginia - slowly falling.
It's called patriotism...sacrifice a little for the good of others. I drove 10 miles total yesterday and today...to Church on Sunday and none today. Doing my part.
I've found Texaco to be the cheapest of the major gas station chains. Is that true anywhere else? $2.69/gall when I last filled up (three days ago). Other stations are around $3/gall.
You can also cut your highway speed a bit and leave plenty of space between you and the driver ahead so as to cut down on breaking.
Has anyone heard anyone heard anything about natural gas production?
A station only has incentive to lower prices when its losing business to a lower-priced competitor
My vehicle has one of the "instant fuel economy" readout options, which until this week I had never really used.
It is amazing how much fuel is consumed with acceleration above 2000 rpm. Living in a hilly area, I don't have much choice about it but backing off a little sooner before reaching the crest of a hill, avoiding touching the accelerator unless necessary on a flat straightaway, all of these little things can add up.
Right now the gas per mile cost is about 14 cents for me and about 20 cents for my wife's S10. So the old World War II slogan really does apply; "Is this trip necessary?"
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