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Gas Prices Still Going Up, Refineries Shutting Down
Boise Weekly ^ | March 18th | George Prentice

Posted on 03/19/2012 6:44:11 AM PDT by Halfmanhalfamazing

Energy industry analysts say there's no relief in sight at the nation's gas pumps.

While prices jumped 6 percent in February, market experts said many of the nation's refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, "taking another 335,000 barrels per day in production capacity off the market."

(Excerpt) Read more at boiseweekly.com ...


TOPICS: Front Page News; News/Current Events
KEYWORDS: 2012; democrats; gasprices; nobama2012; obama; refineries; refinery; shuttingdown
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Now this is sad. Gas prices are rising, refineries are shutting down, and the MSM can't find a politician to heckle about it. They can't even find time to report on it honestly.

The Boise Weekly. The Boise Weekly! That's who's covering the story! In any other outlet that I'm seeing covering this(including Fox) the shutting down of refineries is treated as some secondary matter? It's not hard to make this connection.

And nowhere do I see the role of government, Obama, Cass Sunstein, and regulation being highlighted.

How can coverage be this skewed, even in what's supposed to be 'our media'?

1 posted on 03/19/2012 6:44:19 AM PDT by Halfmanhalfamazing
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To: Halfmanhalfamazing
Photobucket
2 posted on 03/19/2012 6:48:27 AM PDT by baddog 219
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To: Halfmanhalfamazing

Your link is bad.


3 posted on 03/19/2012 6:48:35 AM PDT by Former Proud Canadian (Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
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To: Halfmanhalfamazing

Do you have a working link to the full article?


4 posted on 03/19/2012 6:48:35 AM PDT by the_devils_advocate_666
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To: Halfmanhalfamazing
http://www.boiseweekly.com/CityDesk/archives/2012/03/18/gas-prices-still-going-up-refineries-shutting-down
5 posted on 03/19/2012 6:49:20 AM PDT by Joe the Pimpernel (Islam is a religion of peace, and Moslems reserve the right to behead anyone who says otherwise.)
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To: Halfmanhalfamazing

Meanwhile, the drumbeat of Bolshevik Dictator Baby-Doc Barak continues to grow louder - - - .


6 posted on 03/19/2012 6:50:47 AM PDT by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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To: baddog 219

the logo is humorous if not for the fact that this whole situation is a pathetic piece of SH*T.


7 posted on 03/19/2012 6:50:56 AM PDT by television is just wrong
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To: Halfmanhalfamazing
"How can coverage be this skewed, even in what's supposed to be 'our media'?"

See Charles Murray's book "Coming Apart" for the answer. The short and dirty is that "the media" is part of "the new upper class" which has isolated itself from the rest of America and has RADICALLY different (mostly eurosocialist) ideas.

8 posted on 03/19/2012 6:52:07 AM PDT by Wonder Warthog
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To: Halfmanhalfamazing
refineries are shutting down,

We now have more refining capacity than we use. The many years of upgrading and expanding existing refineries, combined with our falling demand, has left us with an excess of refining capacity. We are now a net exporter of refined products (diesel, jet fuel, etc) because we make more than we use.

We still import ~9 million barrels per day of crude oil. The cost of the crude oil is the reason gasoline, diesel, etc is so high.

9 posted on 03/19/2012 6:53:01 AM PDT by thackney (life is fragile, handle with prayer)
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To: Halfmanhalfamazing

The thing about gas prices is, you can try and bury the news on page C12 if you want to, but people are aware, even people who don’t have cars and have to listen to people bitch when the want to bum a ride. Gas prices can’t be spun, seasonally adjusted or ignored. And the administration knows it.


10 posted on 03/19/2012 6:56:40 AM PDT by fhayek
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To: Halfmanhalfamazing
Gas Prices Still Going Up, Refineries Shutting Down


11 posted on 03/19/2012 6:57:13 AM PDT by massmike (Massachusetts: If they had just kept hanging witches a bit longer...........)
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To: Halfmanhalfamazing
While prices jumped 6 percent in February, market experts said many of the nation's refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, "taking another 335,000 barrels per day in production capacity off the market."

And where is this added cost coming from? I suspect the Gov't is "there to help", once again. A company exists to create a profit, and if it cannot create a profit - it will cease to exist. Because these refineries are not closing down for "maintenance" - you cannot say that this is a huge big-oil plan to jack the price of gasoline up. When a plant permanently closes it's doors we lose capacity, we lose the ability to regain that capacity, we lose jobs and the price of gas goes up higher - increasing the cost of doing business - and causing further job erosion.

And, IMHO, we can largely thank the Environmentalists for this, as a huge amount of the cost of running these plants, is meeting goals arbitrarily set forth by a party without any financial interest in the success of these companies.

12 posted on 03/19/2012 6:57:22 AM PDT by Hodar ( Who needs laws; when this FEELS so right?)
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To: Halfmanhalfamazing
While prices jumped 6 percent in February, market experts said many of the nation's refineries have been idled or shut down permanently because their owners claimed they were losing money on them. According to the Wall Street Journal, Sunoco is expected to close another of its large refineries this July, "taking another 335,000 barrels per day in production capacity off the market."

And where is this added cost coming from? I suspect the Gov't is "there to help", once again. A company exists to create a profit, and if it cannot create a profit - it will cease to exist. Because these refineries are not closing down for "maintenance" - you cannot say that this is a huge big-oil plan to jack the price of gasoline up. When a plant permanently closes it's doors we lose capacity, we lose the ability to regain that capacity, we lose jobs and the price of gas goes up higher - increasing the cost of doing business - and causing further job erosion.

And, IMHO, we can largely thank the Environmentalists for this, as a huge amount of the cost of running these plants, is meeting goals arbitrarily set forth by a party without any financial interest in the success of these companies.

13 posted on 03/19/2012 6:57:34 AM PDT by Hodar ( Who needs laws; when this FEELS so right?)
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To: fhayek

so what’s next? Is Maxine Water’s dream of a “socialized” oil industry about to become reality?


14 posted on 03/19/2012 6:58:04 AM PDT by Buckeye McFrog
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To: Hodar
And where is this added cost coming from?

From the rise in crude oil used to make the gasoline.

15 posted on 03/19/2012 6:58:53 AM PDT by thackney (life is fragile, handle with prayer)
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To: baddog 219
This will definitely be confiscated and re-used.


16 posted on 03/19/2012 6:59:51 AM PDT by USS Alaska (Nuke the terrorists savages.)
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To: thackney
The cost of the crude oil is the reason gasoline, diesel, etc is so high.

I don't think crude has gone up that much; its that our Dollar is so damn weak that we are "paying" more.

17 posted on 03/19/2012 7:01:58 AM PDT by Michael Barnes (Obamaa+ Downgrade)
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To: Buckeye McFrog
so what’s next? Is Maxine Water’s dream of a “socialized” oil industry about to become reality?

Perhaps skyrocketing fuel cost will be the 'national emergency' that triggers Obama's new executive order?

18 posted on 03/19/2012 7:02:37 AM PDT by Right Brother
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To: Halfmanhalfamazing

Just part of the Obama poverty dynamic. Deficit spending, record borrowing, unsustainable debt, war on carbon energy sources, dollar printing, unfunded entitlements, business killing EPA and Dept. of Energy rules and regulations, high taxes and look what you get.Fools a lot of people. Obama is the most evil and bizarre man to hold the Presidency. Given a billion dollar reelection fund directed at muddled voters in battleground states, combined with monumental fraud, this clown parade may continue.


19 posted on 03/19/2012 7:03:18 AM PDT by allendale
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To: Graewoulf

I like that!! Baby Doc Barak!

Nobama has no intention of dropping gas prices..... until October. And then only back to $5.


20 posted on 03/19/2012 7:07:51 AM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: thackney
The cost of the crude oil is the reason gasoline, diesel, etc is so high.

Declining value of the dollar and the increase of oil prices account for 15% of the rise. The remainder comes from the various cocktails that has become gasoline due to over regulation as well as increases in taxes.

21 posted on 03/19/2012 7:10:02 AM PDT by kingu (Everything starts with slashing the size and scope of the federal government.)
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To: Halfmanhalfamazing

Gasoline prices have gone up for 20 days in a row.


22 posted on 03/19/2012 7:13:23 AM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Halfmanhalfamazing

Refineries generally shut down in march for repair work and prices go up. But its still ok to blame the government.


23 posted on 03/19/2012 7:15:13 AM PDT by InvisibleChurch ( go in peace , serve the Lord)
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To: Halfmanhalfamazing

Could the problem be that the price of oil (the raw material used by the refineries) is so expensive, relative to the price of the final product (gas and diesel) that it is not cost effective to operate?


24 posted on 03/19/2012 7:18:37 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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To: Halfmanhalfamazing

I don’t want to be a fly in the ointment, but aren’t we now EXPORTING refined petroleum? They cite economic reasons but why would Sunoco close a refinery now, when over-all world-wide demand is high? Is it the location (hard to ship gasoline to China from Idaho)? I would think they would be making tons of money.


25 posted on 03/19/2012 7:19:42 AM PDT by cookcounty (Newt 2012: ---> Because he got it DONE.)
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To: Halfmanhalfamazing

Will somebody please explain this to Bill O’Reilly?


26 posted on 03/19/2012 7:26:13 AM PDT by G Larry (We are NOT obliged to carry the snake in our pocket and then dismiss the bites as natural behavior.)
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To: kingu

Ethanol sure has been a Godsend! /s...


27 posted on 03/19/2012 7:38:42 AM PDT by donozark (We're ALL Greeks now...)
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To: cookcounty

One simple reason would be new regulations. Nothing like springing new costs of doing business, to destroy a business.


28 posted on 03/19/2012 7:39:27 AM PDT by SengirV
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To: Halfmanhalfamazing
Obama wants civil war over gasoline aqmong the states and the US population so he can declare martial law just before election day. This is based on the theory that if there is no election, he remains in office.

WRONG oh great pretender, very WRONG. You have not got an Army big enough to defeat the American people if they decide you have to go.

29 posted on 03/19/2012 8:00:03 AM PDT by Rapscallion (The corruption and mismanagement persist because YOU tolerate it.)
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To: thackney; Halfmanhalfamazing
"Is Maxine Water’s dream of a “socialized” oil industry about to become reality?"

Not just yet. First gas has to get a bit above $5 a gallon so and "force" Barry to institute Carter style gas rationing. With rationing in place there will be plenty of companies willing to pay something under the table to be exempt or have a larger allotment, government employees can be kept in line for the election by granting them the perk of exemption from rationing due to the important work they do, and of course there will need to be a specialists hired to watch over the rationing system.

Once that's all handled, then Barry will start beating the drum to nationalize the oil industry as a way to get back to no rationing.

30 posted on 03/19/2012 8:00:57 AM PDT by Rashputin (Only Newt can defeat both the Fascist democrats and the Vichy GOP)
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To: Rashputin
nationalize the oil industry

That will be a tough job. We import more oil that we produce ourselves. How is he going to get supply from Saudi Arabia, Canada, etc?

31 posted on 03/19/2012 8:09:52 AM PDT by thackney (life is fragile, handle with prayer)
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To: Michael Barnes

I don’t think crude has gone up that much; its that our Dollar is so damn weak that we are “paying” more.


You’re right.


32 posted on 03/19/2012 8:10:31 AM PDT by unkus (Silence Is Consent)
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To: Halfmanhalfamazing

To be fair, it’s really a Wall Street Journal article, reported on by this paper, but the WSJ article is behind a subscription firewall.


33 posted on 03/19/2012 8:13:38 AM PDT by CharlesWayneCT
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To: InvisibleChurch

Refineries generally shut down in march for repair work and prices go up. But its still ok to blame the government.


Not permanently. Thanks for permission to blame the correct people.


34 posted on 03/19/2012 8:16:16 AM PDT by cableguymn (Good thing I am a conservative. Otherwise I would have to support Mittens like Republicans do.)
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To: Hodar

This isn;t a mystery. Refineries are factories, taking raw material and manufacturing finished product.

The raw material, they use, oil, has shot up in price lately. That is where their costs go up. Refineries don’t make more money when oil gets more expensive, they end up with tremendous price pressures, because if they raise the price of gasoline, demand drops.

So, when oil gets expensive, they will shut down the most inefficient production lines for gasoline, since producing more gasoline won’t make them more money.


35 posted on 03/19/2012 8:17:38 AM PDT by CharlesWayneCT
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To: Rapscallion

I read that sort of proclamation more often now, but I have yet to read a cogent answer to the follow-up question of just how that removal would occur. Perhaps you would explain how the disenfranchised voters remove a well defended criminal fraud commie bastard from power. In America, we traditionally remove fecal floaters like little barry bassturd by voting them out of office. If the elections are ‘suspended’, how do you see We The People removing the commie bastard from Washignton? We already have a Congress and courts systemn which is violating their oaths to our Constitution. Where do you imagine the power to remove the scum would come from? ... And don’t be vague, telling me we have hundreds of millions of guns. If you take that approach then you have to explain how so many ‘guns’ become a conquering army against the organized power of the federal oligarchy. It ain’t gonna happen and the criminal bastards IN THE CONGRESS know it, and that’s why they feel secure violating their oaths, selling their souls for a little more time in power!


36 posted on 03/19/2012 8:20:00 AM PDT by MHGinTN (Being deceived can be cured.)
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To: thackney
Were recovery, refining, and distribution, nationalized the amount we import would go down dramatically as a way to force alternatives on people.

I don't know whether Barry and his crowd want to be just like their third world heroes and nationalize the oil industry. I do know that I was answering someone who seems to think that may be the goal. If that's the goal, I think a series of steps would be taken first.

37 posted on 03/19/2012 8:21:56 AM PDT by Rashputin (Only Newt can defeat both the Fascist democrats and the Vichy GOP)
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To: Halfmanhalfamazing
A key reason for refinery shut-downs?

Demand for gasoline HAS FALLEN DRASTICALLY. It is now at the same level it was 2002! We are in an economic depression. Hello? Except for exports there is simply NO PLACE TO PUT THE GAS. PEOPLE CAN'T AFFORD TO BUY IT. THEY HAVE NO JOB.

38 posted on 03/19/2012 8:49:16 AM PDT by Kenny Bunk ((So, you're telling me Scalia, Alito, Thomas, and Roberts can't figure out this eligibility stuff?))
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To: Rapscallion
Obama wants civil war over gasoline aqmong the states and the US population so he can declare martial law just before election day.

Perhaps that will be the day that a patriotic Secret Service agent draws his pistol in anger and desperation.

39 posted on 03/19/2012 9:30:26 AM PDT by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


40 posted on 03/19/2012 9:36:32 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Michael Barnes

You are correct. The Obama/Bernanke devalued dollar plays a major part in the rising cost of oil purchases as those purchases are made in the devalued U.S. dollars.


41 posted on 03/19/2012 9:54:55 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Kenny Bunk
Not sure about total demand, but the US refiners are making a heck of a lot less gasoline than 2002...

From here http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=A103600001&f=M

42 posted on 03/19/2012 10:28:58 AM PDT by az_gila
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To: az_gila
That graph is only part of the market.

More and more, refineries sell gasoline blending products to shipping/storage terminals where they are blended to make the finished motor gasoline. This amount is left out of your graph.

When take together, you get:

The chart you posted shows a maximum of ~1,600 barrels a day. The US uses 18~19 million barrels a day of petroleum. Gasoline consumption is far more than that chart.

43 posted on 03/19/2012 10:54:40 AM PDT by thackney (life is fragile, handle with prayer)
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To: cableguymn

44 posted on 03/19/2012 10:56:03 AM PDT by InvisibleChurch ( go in peace , serve the Lord)
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To: az_gila
They no longer track it this way, but you can tell by the volumes your previous chart was only a portion of the total gasoline market.


45 posted on 03/19/2012 10:57:21 AM PDT by thackney (life is fragile, handle with prayer)
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To: Kenny Bunk

Went for a flight with the neighbor & his father who owns a plane. Avgas is almost $6/gal. Good flying weather, hardly any planes in the air.


46 posted on 03/19/2012 11:06:03 AM PDT by Western Phil
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To: Halfmanhalfamazing

The retail price of gasoline is not hurting due to lack of refining capacity. There are no gasoline shortages, there is enough active refinery capacity and production.

The retail price of gasoline, just like refiner’s profit margins, are hurting due to the global prices for the crude oil refiners turn into gasoline.

“Build more refineries” is not an answer to a problem unrelated to sufficent supply.

There might be more refineries built, if and when, the prices refiners have to pay for crude oil were to come down, which would make the refinery businesses more profitable, and, depending on circumstances, might help make for lower retail gasoline prices.

Meanwhile, trade-in the pickup (or an old inefficient vehicle) for a more fuel efficient vehicle; strategize around ways you can drive less; get out the old bicycle for “getting around town” (and losing a few pounds); etc. etc. Supply and demand works.


47 posted on 03/19/2012 11:16:00 AM PDT by Wuli
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To: Wuli

Bookmark


48 posted on 03/19/2012 12:00:10 PM PDT by Publius6961 (“It’s easy to make phony promises you can’t keep.” - Obama, Feb23, 2012)
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To: thackney

Thank you for the correction.

I see it is down to the 2002 level, but the intermediate peak wasn’t that high.


49 posted on 03/19/2012 1:42:53 PM PDT by az_gila
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To: X-spurt; All

Use “Dictator Baby-Doc Barak” as you see fit!


50 posted on 03/19/2012 2:18:40 PM PDT by Graewoulf (( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.))
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