Where do the poor, the elderly, even John Doe citizens on fixed incomes find the extra cash for higher gas? Less food? OrlandoMary
...Refineries
A gasoline-making unit at a Lake Charles, Louisiana, refinery owned by
ConocoPhillips, the largest U.S. refiner, yesterday failed to start after
maintenance, Reuters reported, without naming its source. Conoco
spokeswoman Laura Hopkins declined to comment.
San Antonio-based Valero, the third-largest U.S. refiner, on April 18 said
a coker at its St. Charles, Louisiana, plant will be shut until at least
April 26, halting 336,000 gallons of daily gasoline output and 1.05
million gallons of daily distillate production. Distillates include diesel
and heating oil.
A Corpus Christi, Texas, refinery owned by Koch Industries Inc.'s Flint
Hills unit slowed operations April 19 after a flange leaked, the company
said in a report filed with the Texas Commission of Environmental Quality.
The plant can process 300,000 barrels of crude a day. Associated Press
Crude Oil Has Biggest Rally in 3 Months on Fuel-Supply Concern
April 22 (Bloomberg) -- Crude oil rose more than 6 percent this week, the
biggest rally in three months, on concern U.S. gasoline demand will
outpace domestic production and imports during the summer, when
consumption peaks.
Oil prices climbed as refinery shutdowns in Texas, Louisiana and Venezuela
threatened to curb fuel supplies. U.S. gasoline inventories are down 5.7
percent since the end of February, more than double the five-year average,
boosting demand for crude to fill gaps in fuel output.
``Gasoline demand is strong and that's bullish for crude,'' said Ricardo
Wonderley, crude-oil manager at Petrobras America Inc., a Houston-based
unit of Brazil's state-owned oil company. ``I have not yet seen people
stop driving here in the U.S. because of higher prices.''
http://www.bloomberg.com/apps/news?p...top_world_news
What are these stupid remarks we hear in the news "people haven't stopped driving"
or "no one is boycotting gas" AS IF ANYONE HAS A CHOICE!!!!
OrlandoMary
www.maryschneider.us
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