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#151 |
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Which is why I asked you about a specific date you had in mind.
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I think the young people enjoy it when I "get down," verbally, don't you? |
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#152 |
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No it isn't....you were\are trying to be purposely obtuse for some reason...
Oil hits it's lowest price in over 6 years and gas is no where even close to the lows of this year......justify that ....oh wait...refinery...my bad |
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#153 | |
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Quote:
There are a few other items which significantly contribute to the higher than usual price delta.
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I think the young people enjoy it when I "get down," verbally, don't you? |
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#154 | |
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Quote:
so ****ing convenient... |
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#155 |
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Convenient for who, exactly? Certainly not the refiner.
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#156 |
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#157 |
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Pete, when a refinery shutsdown, they aren't refining crude and selling the refined products. So, yes, refiners REALLY don't like shutting down.
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#158 |
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#159 | |
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Prices are expected to continue to rise in the short term, as BP’s refinery in Whiting, Indiana — the largest in the Midwest and seventh-largest in the nation — wrestles with “unscheduled repair work” that shut down the biggest of its three crude distillation units Aug. 8. So, you are asserting that BP decided to intentionally shutdown the biggest of its three DUs in order to raise prices of the gasoline, correct? In essence, willingly remove more than one third of its refining capacity, as well.
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#160 |
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So when all of these refineries wrap up their maintenance and shutdowns, assuming crude maintains its current trade price, will we see a massive fall in gas prices or will it be incremental? Or will it happen at all?
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#161 | |
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I'm sure when BP reports their record profits, this won't be brought up |
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#162 |
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"Experts" say the price will decline once the refinery is back online. Now of course, that assumes that oil hasn't gone back up in price in the mean time.
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#163 |
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Yes.
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#164 | |
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#165 |
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