['ol Pinion head]

Originally Posted by 2002Z4CSS

In the Detroit area we have a huge Marathon refinery yet the news is saying now a problem with a Chicago refinery. What about the fuel that is siting in the ground at the gas stations long before this alledged issue...it should not be going up in price since it was already delivered.

2002, when fuel prices are going up it costs more to replace the fuel that's in the ground (tanks). Many very competitive stations in my area make a penny or two a gal, that's it. When fuel cost goes up 10 cents a gal, that's an extra $800 on a 8000 gal load, and to cover that cost, prices at the pump goes up.

[Don 79 TA]

Originally Posted by hurryinhoosier62

In reality, a sales tax is the ONLY "fair" tax.

yup...
and i wouldn't have problem with them doing that for a flat federal tax as well instead of hitting our income
hit everyone evenly
let the freeloaders feel a pinch here and there too
so they can see what the voted for and what it costs....

[Region Warrior]

Well, instead of go'n down a few cents a day as usual after the jump to 2.79, it jumped again to 3.09 yesterday.

[Alvin]

Noted tail-end AM TV news something about Chicago area gas expected to jump $1.00 per gallon due to area refinery off-line or mishap, did I get that right?

[David Jones]

Fuel prices around here move up as soon as the per barrel price increases, there is no waiting. They don't drop with the same speed.

[Larry Navarro]

A quote from Dave Ramsey:

If $4/gl. made you poor.........why hasn't $2/gl. made you rich.

[Deadhead]

Originally Posted by Larry Navarro

A quote from Dave Ramsey:

If $4/gl. made you poor.........why hasn't $2/gl. made you rich.

B/C you find a way spend every dollar you make either way.

$2.09 here, which includes an additional .10/gal. of tax effective 1/1/15. Undoubtedly another .10 will be added if prices remain low for any length of time.

[Region Warrior]

Originally Posted by Alvin

Noted tail-end AM TV news something about Chicago area gas expected to jump $1.00 per gallon due to area refinery off-line or mishap, did I get that right?

Ya, just checked up on it. It's the Whiting In. refiner about 20-30 minutes from my house. 6th largest in nation.
1 of the distillation units went down Saturday. Projecting 4-6 weeks to repair...

[Region Warrior]

Originally Posted by Larry Navarro

A quote from Dave Ramsey:

If $4/gl. made you poor.........why hasn't $2/gl. made you rich.

For some it makes a difference in diet. Eating off the $1 menu vs healthy meals.
Only going to/from work vs maybe some extra spending, fueling the economy.

[72projectbird]

Originally Posted by Region Warrior

Well, instead of go'n down a few cents a day as usual after the jump to 2.79, it jumped again to 3.09 yesterday.

Man it just keeps dropping here. It went from $2.60 down to $2.40 in a few days.

[hurryinhoosier62]

Price here in Martin Co. is stable....$2.45 to 2.49 per gallon.

[Lloyd-TX]

I'm paying around $3.00 here in the Houston area for 93 octane.

[Region Warrior]

3.19 for 87 octane this morning...

[Chris65LeMans]

High 3's here in LA County. I was in Orange County this week, and it was low 4's.

California runs "CA only" gas, so that's how they get us more. Plus - if you knew people would pay $4 for your product, why would you sell it for $1.50?

[fiedlerh]

Faulty equipment at a northwestern Indiana oil refinery jolted gas prices throughout the Midwest in recent days.

BP shut down the largest crude unit at its Whiting, Indiana refinery after discovering leaking tubes.

The refinery, located just south of Chicago, is the largest in the Midwest and the seventh-largest nationally. The shutdown could last a month and potentially remove up to 240,000 barrels of crude production per day from the regional market during peak driving season.

As a result, wholesale prices in Chicago shot up to levels not seen since 2013, and drivers from Michigan to Oklahoma are starting to feel the effects.

“It’s such an important refinery smack in the middle of the Midwest,” analyst Phil Flynn told Bloomberg. “It’s like dropping a bomb in Chicago and watching the shockwaves ripple out to the rest of the country.”

By contrast, the shutdown is keeping crude that would ordinarily be shipped from Canada to Whiting north of the border, where inventories are already high.

Earlier this week, the Western Canada Select crude index fell to $19.50 below the West Texas Intermediate, the benchmark index for the U.S.