Here are a couple of gas price stories.
June 28, 2002
HOUSTON: Shell Oil Co. said the gasoline-producing catalytic cracking unit at its 155,000 barrel per day refinery in Martinez, California, was shut for unplanned repairs.
Exxon shuts
HOUSTON: Exxon Mobil Corp shut a fluidic catalytic cracking unit at its 538,000 barrel per day refinery in Baytown, Texas for repairs, according to the Texas Commission on Environmental Quality
Source
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By Trey Clark
The Desert Sun
June 27th, 2004
Just when you thought gasoline prices were dropping down to earth, a gust of refinery problems might blow the cost of California fueling back up to its record perch.
The Shell and Valero oil companies confirmed Friday that their refineries in Martinez and Benicia, respectively, were recently forced to begin unplanned maintenance that would slow production of gasoline and diesel fuel. As a result, spot prices in the Los Angeles and Bay Area markets rose throughout the week, which usually translates to higher prices at the pump.
And it doesn’t help that the Independence Day holiday is right around the corner. "I think the drop in prices that we’ve seen will stop, and they’ll actually take back the six- or seven-cent decrease we’ve seen the past few weeks," said Bob van der Valk, bulk fuels manager for Cosby Oil. "Because of the state’s lack of refineries, production needs to run at full capacity to meet our demand for gas. It’s going to be even more difficult to meet that demand since it will rise during the holiday weekend."
The two refineries will affect different areas of fuel. The Shell site is a heavy producer of gasoline, while the Valero refinery produces mostly diesel.
Source
Refinery snags may pump up gas prices
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wx247
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Oil prices dropped drastically today... if I don't see some gas price improvement I am gonna go through the roof. Still paying $1.75 here.
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The posts in this forum are NOT official forecast and should not be used as such. They are just the opinion of the poster and may or may not be backed by sound meteorological data. They are NOT endorsed by any professional institution or storm2k.org. For official information, please refer to the NHC and NWS products.
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Stephanie
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azsnowman wrote:UNPLANNED MY @$$You'd think with the election drawing ever close, that Dick Cheney and his BUDDIES at Halliburton would EASE up on prices and do what THEY can, but NO............
Dennis
How do you really feel Dennis???
I think that these should've been "planned" all along - it's called routine maintenance.
However, that probably would've cut into the bonuses the head honchos would've received.
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rainstorm
Oil falls to 2-month low on Iraq optimism
NEW YORK, June 29 (Reuters) - Oil prices fell to their lowest in two months on Tuesday as the handover of power in Iraq raised hopes for less sabotage and steadier exports.
U.S. light crude settled 1.6 percent, or 58 cents, lower at $35.66 a barrel.
Growing U.S. commercial supplies and higher OPEC output have eased fears about summer gasoline shortages and knocked about $6 a barrel off the price of oil since record New York futures highs at the start of June.
News over the weekend that southern Iraqi oil exports resumed after pipeline sabotage weighed on values, as did the end of a strike at Norways state-owned oil company.
Londons Brent crude settled 59 cents lower at $33.11 a barrel.
Mondays earlier-than-expected handover of Iraqi sovereignty had prompted selling, which continued on Tuesday.
Gasoline futures fell more than two cents to $1.124 a gallon after dropping about more than six cents a gallon on Monday.
A 23 percent fall in U.S. gasoline prices since mid-May has helped pull crude down from the $40 level as fears for summer supply shortages diminish.
"The fact that fundamentals are softening and prices heading down comes as no surprise," said analysts at PFC Energy.
Chinese efforts to slow economic growth, reduced fears over the security of Middle Eastern supplies, and higher OPEC output were driving the price downturn, PFC said.
The Organization of the Petroleum Exporting Countries agreed earlier in June, when New York futures prices were at record highs, to raise its formal output limits by two million bpd from July 1. It also agreed to lift curbs by another 500,000 bpd from August 1.
Prices could quickly go back up again in the event of a major attack on oil facilities, analysts said.
"If the situation in Iraq does worsen substantially, exports could be curtailed far more than has occurred to date and prices could spike over $40 again," the PFC Energy report said.
The latest weekly inventory snapshot from the U.S. government was expected to show tighter gasoline supplies, but a build on crude.
A Reuters poll of seven analysts, ahead of the release of the Energy Information Administration data on Wednesday, forecast an average drop of 800,000 barrels in gasoline stocks in the week to June 25.
Commercial crude stocks were expected to show a two-million-barrel build, which would extend an uptrend to 18 of the past 22 weeks.
NEW YORK, June 29 (Reuters) - Oil prices fell to their lowest in two months on Tuesday as the handover of power in Iraq raised hopes for less sabotage and steadier exports.
U.S. light crude settled 1.6 percent, or 58 cents, lower at $35.66 a barrel.
Growing U.S. commercial supplies and higher OPEC output have eased fears about summer gasoline shortages and knocked about $6 a barrel off the price of oil since record New York futures highs at the start of June.
News over the weekend that southern Iraqi oil exports resumed after pipeline sabotage weighed on values, as did the end of a strike at Norways state-owned oil company.
Londons Brent crude settled 59 cents lower at $33.11 a barrel.
Mondays earlier-than-expected handover of Iraqi sovereignty had prompted selling, which continued on Tuesday.
Gasoline futures fell more than two cents to $1.124 a gallon after dropping about more than six cents a gallon on Monday.
A 23 percent fall in U.S. gasoline prices since mid-May has helped pull crude down from the $40 level as fears for summer supply shortages diminish.
"The fact that fundamentals are softening and prices heading down comes as no surprise," said analysts at PFC Energy.
Chinese efforts to slow economic growth, reduced fears over the security of Middle Eastern supplies, and higher OPEC output were driving the price downturn, PFC said.
The Organization of the Petroleum Exporting Countries agreed earlier in June, when New York futures prices were at record highs, to raise its formal output limits by two million bpd from July 1. It also agreed to lift curbs by another 500,000 bpd from August 1.
Prices could quickly go back up again in the event of a major attack on oil facilities, analysts said.
"If the situation in Iraq does worsen substantially, exports could be curtailed far more than has occurred to date and prices could spike over $40 again," the PFC Energy report said.
The latest weekly inventory snapshot from the U.S. government was expected to show tighter gasoline supplies, but a build on crude.
A Reuters poll of seven analysts, ahead of the release of the Energy Information Administration data on Wednesday, forecast an average drop of 800,000 barrels in gasoline stocks in the week to June 25.
Commercial crude stocks were expected to show a two-million-barrel build, which would extend an uptrend to 18 of the past 22 weeks.
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streetsoldier
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Let's not forget that, due to EPA and OSHA regulations, we are down to only FOURTEEN operational refineries. Knock out two, and our capability decreases incrementally... 
This gives us a sad look into what's available at the pump, as well as how much the companies can draw out of existing wells (sweet crude is useless unless there are refineries available to render it marketable; this is what's been stalling production on the leases I hold re: royalty checks, thanks to the foresight of my maternal grandfather way back in the 1930's).
BTW, regular is at $1.61 here.
This gives us a sad look into what's available at the pump, as well as how much the companies can draw out of existing wells (sweet crude is useless unless there are refineries available to render it marketable; this is what's been stalling production on the leases I hold re: royalty checks, thanks to the foresight of my maternal grandfather way back in the 1930's).
BTW, regular is at $1.61 here.
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