Gas shortages for the East Coast in July?

[Old Rocks]

Now Seawytch, of course it has to do with supply and demand. The very wealthy are demanding that we continue to supply them with an endless income stream. And we are doing the so.

 

[Seawytch]

Now Seawytch, of course it has to do with supply and demand. The very wealthy are demanding that we continue to supply them with an endless income stream. And we are doing the so.

Well, yeah there is that. Thank you sir may I have another...{Sigh}

 

[Oldstyle]

Do you people really not realize that we export a large portion of our gasoline because our own regulations make it impossible to sell THAT gasoline here because it doesn't meet emmisions standards? We have to sell THAT gas overseas and then turn around and import gas that does meet emissions standards.

 

[editec]

The latest data from the US Energy Information Administration show that the US imported about 2.1 million barrels/day of refined products, of which about 715,000 barrels/day was finished motor gasoline. The US exported about 2.9 million barrels/day of refined products during the same period, of which about 626,000 barrels/day was finished gasoline. As so many energy analysts have noted, the US is now a net exporter of refined products. US exports of distillates, including diesel fuel, totaled 996,000 barrels/day last week, while US imports of distillates totaled 111,000 barrels/day.
The puzzling aspect of the Bloomberg report is that gasoline demand in the US is falling, so why would the US need to increase its imports? The most likely explanation is that the slump in demand from Europe is pricing these cargoes at an attractive rate, and making US buyers an offer that is too good to refuse. With tanker day rates now down -51% at about $10,000 since the beginning of the year, low tanker rates and cheap gasoline could be an attractive buy.


Read more: US Refined Product Imports to Increase - 24/7 Wall St. US Refined Product Imports to Increase - 24/7 Wall St.​

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[bitterlyclingin]

Ideal spots for the shortage. The East Coast Blue States have been voting in lock step for FDR for so long, they'll vote for Obama even if they've worn the soles of their shoes out walking because they have no gas. Voting Democratic till the end of time.

 

[Flopper]

This is how there can be a gas shortage:
*******************************************
From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.
The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices enough to compensate.


Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News

There are 149 oil refineries in the US and over 700 in world. As long as there is no constrain on price, there will be plenty of gas.

 

[Listening]

This is how there can be a gas shortage:
*******************************************
From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.
The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices enough to compensate.


Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News

There are 149 oil refineries in the US and over 700 in world. As long as there is no constrain on price, there will be plenty of gas.

But there isn't enough diesel. For the past six years, the price of diesel has not dropped below the price of gasoline. Gasoline used to be king in the summer. And in the winter (when gasoline seasone was over and production cut back...but diesel demand being more flath througout the year....it would invert. Now diesel is more expensive. Some places are dumping gasoline. Eurpoe is long on it. for sure.

Refiners used to configure to make as much gasoline as possible. That meant FCC's. Now, hydrocrackers are the rage because they make diesel.

 

[Flopper]

This is how there can be a gas shortage:
*******************************************
From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.
The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices enough to compensate.


Read more: As Gas Prices Rise, No Relief In Sight At Pump | Fox News

There are 149 oil refineries in the US and over 700 in world. As long as there is no constrain on price, there will be plenty of gas.

But there isn't enough diesel. For the past six years, the price of diesel has not dropped below the price of gasoline. Gasoline used to be king in the summer. And in the winter (when gasoline seasone was over and production cut back...but diesel demand being more flath througout the year....it would invert. Now diesel is more expensive. Some places are dumping gasoline. Eurpoe is long on it. for sure.

Refiners used to configure to make as much gasoline as possible. That meant FCC's. Now, hydrocrackers are the rage because they make diesel.

I have a neighbor who drives a big rig across the country. He tells me we have had shortages of diesel for the last 20 years, never nationwide and always seasonal.

 

[Dont Taz Me Bro]

The supply of gas is UP. We are exporting more gasoline than we use for the first time in 50 fucking years. Demand is DOWN 6.5% from last year.

So, the price we pay at the pump obviously has little to do with supply and demand.

I guess you missed the part about it being an INTERNATIONAL market.

 

[pete]

The rising middle class in developing countries are buying cars and using gas. All that outsourcing produced jobs and consumers there. The US is exporting more gasoline now than ever before. You could put 1000 producing wells on line tomorrow and oil still would be over $100 a barrel.

But then speculators would in a few years cause the price to come down just like they are blamed for it rising. After all they are there speculating when its low too.

 

[Seawytch]

The supply of gas is UP. We are exporting more gasoline than we use for the first time in 50 fucking years. Demand is DOWN 6.5% from last year.

So, the price we pay at the pump obviously has little to do with supply and demand.

I guess you missed the part about it being an INTERNATIONAL market.

Didn't miss it at all. That's the whole point.

 

[FA_Q2]

The supply of gas is UP. We are exporting more gasoline than we use for the first time in 50 fucking years. Demand is DOWN 6.5% from last year.

So, the price we pay at the pump obviously has little to do with supply and demand.

I guess you missed the part about it being an INTERNATIONAL market.

Didn't miss it at all. That's the whole point.

If you didn't miss it then you would not have used an asinine assertion that demand is down unless there is a link you have that shows WORLD demand has been reduced by 6.5 percent instead of linking to American demand and ignoring the rest of the world.

 

[Zander]

our number 1 national EXPORT is gasoline....

have you ever asked yourself, ''How could that be?''

WHY are oil and gasoline companies shipping our refined gasoline over seas and causing the high gas prices HERE that you speak of.....?

nice try, but wrong....Our number 1 export is DEBT

 

[Syphon]

our number 1 national EXPORT is gasoline....

have you ever asked yourself, ''How could that be?''

WHY are oil and gasoline companies shipping our refined gasoline over seas and causing the high gas prices HERE that you speak of.....?

Many countries don't have their own refining capabilities. Some ship their oil to the US to be refined and shipped back.

by GOP logic wouldnt they keep all the oil and gas here and say screw the rest of the world?

 

[Soggy in NOLA]

Cool!!!!! Jimmy Carter all over again!!

 

[Soggy in NOLA]

Will remind me of when I first started driving in 1975.... gas lines, prices through the roof.....

Ahh.. the good old days.

 

[FA_Q2]

our number 1 national EXPORT is gasoline....

have you ever asked yourself, ''How could that be?''

WHY are oil and gasoline companies shipping our refined gasoline over seas and causing the high gas prices HERE that you speak of.....?

Many countries don't have their own refining capabilities. Some ship their oil to the US to be refined and shipped back.

by GOP logic wouldnt they keep all the oil and gas here and say screw the rest of the world?

uhhhh... no? Nice try though.

 

[Syphon]

Many countries don't have their own refining capabilities. Some ship their oil to the US to be refined and shipped back.

by GOP logic wouldnt they keep all the oil and gas here and say screw the rest of the world?

uhhhh... no? Nice try though.

if you wanted to lower gas prices, why wouldnt you increase the supply domestically? more supply leads to lower prices....

 

[FA_Q2]

by GOP logic wouldnt they keep all the oil and gas here and say screw the rest of the world?

uhhhh... no? Nice try though.

if you wanted to lower gas prices, why wouldnt you increase the supply domestically? more supply leads to lower prices....

Because supply locally will still not ignore the supply and demand globally unless you are able to produce enough to sustain our needs wholly without any foreign oil whatsoever. Even at that point, you are going to find it hard pressed to create a closed market without drastic effects in other areas not to mention the cost of doing so can create its own problems. That is a feat I do not think we are capable of doing at this point.

 

[KissMy]

Thank you George W for allowing imports of refined products. I'm sure those put out of work in those refineries also thank you.

Seriously? You're going with the "Blame Bush" defense? Stone the crows, the world is populated with idiots.

Seriously? You're going to ignore the fact that it was W who changed the regs allowing refined oil products to be imported? If you want to make a point, please exclude these simple lies of omission.

IOW you want to ban imports & start a trade war.