Gas Price

[snoseek]

335 today in Hookset. I'm not looking forward to the upcoming 3000 mile drive to California-that's gonna hurt. I am parking the truck for the winter mostly though

[o3jeff]

Going back up, $3.91 for the cheap stuff this morning.

[wa-loaf]

Going back up, $3.91 for the cheap stuff this morning.

Come to MA, still in the $3.60's. I guess we are exporting gas now because they get more money for it overseas, so our prices are going up.

[Scotty]

Nyc is over4 a gallon in spots.

[drjeff]

Come to MA, still in the $3.60's. I guess we are exporting gas now because they get more money for it overseas, so our prices are going up.

Being a CT resident, I do enjoy the fact that where my office is located, I'm 1 town down from MA and bordering RI so it's just a quick run across a border to my choice of states that have far lower gas taxes than CT does!

Quickest way to drop the cost of gas by about 75 cents a gallon on average, suspend all state and federal gas taxes

[ctenidae]

Come to MA, still in the $3.60's. I guess we are exporting gas now because they get more money for it overseas, so our prices are going up.

Actually, we're importing more- gasoline-focused refineries in the US have been shutting down. Ones that run heavy deisel slates are doing much better.

[wa-loaf]

Actually, we're importing more- gasoline-focused refineries in the US have been shutting down. Ones that run heavy deisel slates are doing much better.

I heard on the radio, probably Market Place on NPR, that the low cost of natural gas is making it very cheap to refine gas in the US an thus we are selling that gas to Mexico and other countries because the refiners get more money for it there.

[ctenidae]

I heard on the radio, probably Market Place on NPR, that the low cost of natural gas is making it very cheap to refine gas in the US an thus we are selling that gas to Mexico and other countries because the refiners get more money for it there.

We recently bought a set of refineries. Gasoline crack spreads suck. Deisel spreads are good.

The cost to refine gas may not be high, but the margin on gas with oil where it is is still low.

[steamboat1]

Three southeastern Pennsylvania refineries that comprise over 50% of the total refining capacity in the Northeast (Central Atlantic and New England States) have recently been proposed for sale. Two of these refineries have already been idled. In early September 2011, Sunoco announced plans to sell its refineries located in Philadelphia and Marcus Hook, Pennsylvania, with the intent of exiting the refinery business by mid-2012. Later that month, ConocoPhillips announced its intention to idle its Trainer refinery pending its sale, along with the associated pipelines and terminals. On December 1, Sunoco announced the immediate idling of the Marcus Hook refinery.

source: http://205.254.135.24/analysis/petro...iningactivity/

Guess there's not much money in the refinery business.

[steamboat1]

I heard on the radio, probably Market Place on NPR, that the low cost of natural gas is making it very cheap to refine gas in the US an thus we are selling that gas to Mexico and other countries because the refiners get more money for it there.

Mexico is the third largest source of imported oil to the U.S.

source: http://www.eia.gov/pub/oil_gas/petro...nt/import.html

Funny I don't see Libya on the list as oil export disruptions from there was the excuse used to release 30 million barrels from the strategic petroleum reserve this past June...

You can see how that helped.