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Author	Topic: Effect of Chevron refinery fire on gas prices is unclear	Post a Reply Back to Topics

oaks2004 Champion Author Ventura Posts:8,930 Points:2,180,950 Joined:Mar 2004	Message Posted: Aug 9, 2012 9:45:41 AM Ignore oaks2004 Report Abuse The expected run-up in gasoline prices after a major fire at a Bay Area refinery may not come as quickly as expected, but it's coming. What isn't known at this point, analysts said, is how bad it will get. The market is waiting forChevron Corp.to report on the severity of the damage to its 2,900-acre refinery in Richmond, Calif., which opened in 1902. Visit LA Times for full article

oaks2004

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Ventura

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Message Posted: Aug 9, 2012 9:45:41 AM

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The expected run-up in gasoline prices after a major fire at a Bay Area refinery may not come as quickly as expected, but it's coming.

What isn't known at this point, analysts said, is how bad it will get.

The market is waiting forChevron Corp.to report on the severity of the damage to its 2,900-acre refinery in Richmond, Calif., which opened in 1902.
Visit LA Times for full article

REPLIES (newest first)Ignore Short Messages

twinfanMN Champion Author Minnesota Posts:1,697 Points:474,895 Joined:Jun 2011	Message Posted: Aug 10, 2012 8:03:55 AM Ignore twinfanMN Report Abuse It's just great when you can pass your expenses on to the consumer and not worry about any backlash from the public because there is no competition.
remay Champion Author Houston Posts:7,083 Points:2,144,190 Joined:May 2006	Message Posted: Aug 10, 2012 5:29:19 AM Ignore remay Report Abuse "unclear"??? Maybe not directly, but you KNOW the speculators and everyone else down the chain was chomping at the bit to take advantage of it!
esq262 Champion Author Asheville Posts:2,998 Points:674,540 Joined:Jul 2011	Message Posted: Aug 10, 2012 4:38:00 AM Ignore esq262 Report Abuse Clearly up
DanMtz Champion Author Oakland Posts:3,496 Points:1,271,125 Joined:Oct 2009	Message Posted: Aug 9, 2012 5:09:01 PM Ignore DanMtz Report Abuse Huh? It's pretty clear to those of us who drive past gas stations. Prices are way, way up.
md11capt Champion Author Denver Posts:3,558 Points:729,930 Joined:Mar 2011	Message Posted: Aug 9, 2012 12:17:08 PM Ignore md11capt Report Abuse Not clear how much profit Chevron will make that is.
EvergreenON Champion Author Ontario Posts:1,078 Points:511,085 Joined:Apr 2011	Message Posted: Aug 9, 2012 11:47:12 AM Ignore EvergreenON Report Abuse Good
whatif81 All-Star Author San Antonio Posts:684 Points:219,800 Joined:Jan 2012	Message Posted: Aug 9, 2012 11:21:11 AM Ignore whatif81 Report Abuse ok
thizben All-Star Author Phoenix Posts:684 Points:305,670 Joined:May 2011	Message Posted: Aug 9, 2012 10:36:42 AM Ignore thizben Report Abuse unclear? they'll always use that to up the prices.
me2too4c Veteran Author New York Posts:280 Points:257,560 Joined:Jul 2012	Message Posted: Aug 9, 2012 10:29:41 AM Ignore me2too4c Report Abuse I totally agree and this fire won't just effect the prices on the west coast come on give us a break the east coast will raise theirs just because or better yet to help the west coast make up for the lost refinery.
Rockyguitar Champion Author Tampa Posts:2,693 Points:1,229,070 Joined:Sep 2008	Message Posted: Aug 9, 2012 10:27:10 AM Ignore Rockyguitar Report Abuse NO IT ISN'T UNCLEAR!!! It means highers prices. HELLO!
DougtheEconMan Champion Author Akron Posts:1,913 Points:272,740 Joined:Feb 2008	Message Posted: Aug 9, 2012 10:11:32 AM Ignore DougtheEconMan Report Abuse KEEP YOUR TANKS FULL! Early last week, I started posting my concern over how many refineries went down or were down for emergency repair. Four in the Midwest and a pipeline, over and above the scheduled shutdowns. Since then, a fire in Tulsa plant, and now in California. I will continue to post...KEEP YOUR TANKS AND GAS CANS FULL! We may be facing higher prices and possible spot shortages in the next 5 or 6 weeks.
99 Sophomore Author Wisconsin Posts:100 Points:83,425 Joined:Aug 2012	Message Posted: Aug 9, 2012 10:09:18 AM Ignore 99 Report Abuse k
Jeff4U Champion Author Atlanta Posts:8,895 Points:1,879,930 Joined:Nov 2004	Message Posted: Aug 9, 2012 10:02:57 AM Ignore Jeff4U Report Abuse "Unclear"? Lets just say gas prices won't be $3 per gallon anytime soon in California.
dh0770 Champion Author Colorado Posts:6,987 Points:672,460 Joined:Jun 2011	Message Posted: Aug 9, 2012 10:02:13 AM Ignore dh0770 Report Abuse Ask a speculator how much they'll gouge...
buckets42 Champion Author New Jersey Posts:1,690 Points:329,550 Joined:Oct 2011	Message Posted: Aug 9, 2012 9:56:14 AM Ignore buckets42 Report Abuse How so?
humblepie Champion Author Toledo Posts:35,351 Points:2,399,070 Joined:Mar 2006	Message Posted: Aug 9, 2012 9:53:14 AM Ignore humblepie Report Abuse only to dummies