Citgo to Stop Selling Gas to U.S. Stations (Venezuela owned)

Yahoo business/AP ^ | July 12, 12:31 pm ET | staff

[mpackard]

HAHAHAHAHAAHHAHAHHAAAAA TOOOOOO DARNED FUNNY!!!!!

[Havok]

They aren't pulling out of Mass. That state is too much like their own country.
I wonder if Venezuela approves of gay marriage?

[DustyMoment]

Citgo to Stop Selling Gas to U.S. Stations

THAT'LL show us a thing or two!!!

[Ben Mugged]

Oil Minister Rafael Ramirez has also charged that Citgo isn't profitable enough and that its parent, state-owned Petroleos de Venezuela SA, or PDVSA, could at some point sell off some of the company's refineries.

I wonder where these refineries are located? Only a fool would buy facilities inside Venezuela. Chavez would simply nationalize them.

[Element187]

Venezeula will stop selling Citgo gasoline in some US states

In other news... America doesn't really give a rats @$$ because every other oil company has decided to step up distribution completely removing Citgo from our borders...


12 weeks later...

Tonight we go live to Venezeula where dictactor Chavez is crying for forgiveness of the USA after his country became bankrupt.

[Arm_Bears]

Breaking news from the "Cutting off your nose to spite your face" Department.

[RedWhiteBlue]

The Citgo stations that won't get gasoline will have to close?

Nah. According to the article: Citgo, which is wholly owned by Venezuela's state oil company, currently has to purchase 130,000 barrels a day from third parties in order to meet its service contracts at 13,100 stations across the U.S. This is less profitable than selling gasoline directly from its refineries.

So the gasoline is there, available in the market. Instead of Citgo going out into the market and buying in order to supply the stations, it just looks as if the stations will have to find another way to get it themselves.

[Squawk 8888]

Maybe they should seize the Citgo assets and sell them to Petro-Canada. The commie reaction to having their assets sold to a formerly state-owned oil company (privatized in the 1980s) would be priceless :-D

[rodeocowboy]

I had no idea that Citgo was state owned by Chavez! Citgo, in the largest metro area in Florida (Tampa/St. Petersburg/Clearwater/Sarasota) is one of the largest gasoline retailers around. They are attached to every corporate owned 7-11 and are only competed with (on its level) with Race Trac and Hess. I guess my 7-11 card is useless now because I will never support that thug.

[Eric in the Ozarks]

They'll buy from independent refiners.

[scooter2]

that's OK - they can start tapping the gas created from eating their microwave burritos...

Thanks for the chuckle. I needed that.

[stuartcr]

Hopefully it will remain cheaper than off-base, like it is now.

[VeniVidiVici]

I don't think many do.

I got stuck buying it on a return trip from Pensacola this past weekend.

Even though I was lighter by about 300 pounds *and* went about the same speed, I lost about 2mpg compared to the trip up there on Chevron.

[Ancesthntr]

Seriously, the only time my car ever 'pinged' was on Citgo. I suepected them of watering it down.

There's a reason that the stations were referred to as something very similar-sounding...Schidtgoe, or something like that :>).

Good riddance, Chavez. Go hawk your crappy gas somewhere else.

[joeystoy]

I guess Hugo never heard of platformate.

Reply if you remember.

[Eric in the Ozarks]

He could use a dose of Boron.

[politicalwit]

I wonder where these refineries are located?

Citgo refineries are located in Lemont, Ill., Lake Charles, La., Corpus Christi, Texas, Paulsboro, N.J. and Savannah, Ga.

[stan_sipple]

they need the gas to power Teraasa Kerry's baked bean factory chavez expropriated last year.

[Cheapskate]

AWWW now that's dirty pool! HEHEHEHEHE

[SelmaLee]

I only used Shell gas with 'Platformate' back then. Of course, my Dad was a Shell dealer...