Refining shortage???

[OntarioVanMan]

Goes to show now there's no shortage of refiners...actually Valero is running at 72% of capacity as of last report.

U.S. Gasoline Demand Falls 5.8% From Year Ago,
Jordan Burke

May 6 (Bloomberg) -- U.S. gasoline demand fell 5.8 percent from a year ago as pump prices rose, MasterCard Inc. said in its weekly SpendingPulse report.

Consumers purchased an average 9.15 million barrels of gasoline a day in the week ended May 2, down from 9.71 million a year earlier, according to MasterCard, the second-biggest credit-card company. Demand for the motor fuel fell 2.5 percent from the previous week.

The national average pump price for regular gasoline rose 6 cents to $3.61 a gallon, up 20 percent from a year earlier and the highest in data going back to October 2006, the report showed. AAA and the U.S. Energy Department also reported record prices in the past week.

Gasoline demand compared with a year earlier has dropped in 12 of the past 15 reports. Demand typically rises going into the warm-weather months.

 

[greg334]

Goes to show now there's no shortage of refiners...actually Valero is running at 72% of capacity as of last report.

U.S. Gasoline Demand Falls 5.8% From Year Ago,
Jordan Burke

May 6 (Bloomberg) -- U.S. gasoline demand fell 5.8 percent from a year ago as pump prices rose, MasterCard Inc. said in its weekly SpendingPulse report.

Consumers purchased an average 9.15 million barrels of gasoline a day in the week ended May 2, down from 9.71 million a year earlier, according to MasterCard, the second-biggest credit-card company. Demand for the motor fuel fell 2.5 percent from the previous week.

The national average pump price for regular gasoline rose 6 cents to $3.61 a gallon, up 20 percent from a year earlier and the highest in data going back to October 2006, the report showed. AAA and the U.S. Energy Department also reported record prices in the past week.

Gasoline demand compared with a year earlier has dropped in 12 of the past 15 reports. Demand typically rises going into the warm-weather months.

Don't forget that we also import raw gasoline and diesel from other countries where they don't (gasp) have the punitive environmental laws and this is where one of the problems are. The EU has mandated the use of Bio-Fuels, which take up some of the staples that are causing farmers to farm more oil crops and the use of Diesel vehicles in the EU has been increasing which has also increased their consumption of Diesel, so they buy up Diesel at a higher rate form the same refineries we do. What makes our refineries look as relaxed capacity, in fact does not reflect the entire picture.

 

[OntarioVanMan]

Hmmmm..reading the Energy Depts site says the only country US exports GAS to is Canada...no mention of diesel???

Much to the chagrin of the bio-diesel refiners...our farmers in my area NOT planting corn this year!!

 

[P51bombay]

Hmmmm..reading the Energy Depts site says the only country US exports GAS to is Canada...no mention of diesel???

Much to the chagrin of the bio-diesel refiners...our farmers in my area NOT planting corn this year!!

Oh there's plenty of diesel and jet fuel headed north - I see a steady stream of tankers every day.

So if farmers burn more diesel to make bio fuels - how is that helping things........apart from driving up food prices that is?

 

[Crazynuff]

Hmmmm..reading the Energy Depts site says the only country US exports GAS to is Canada...no mention of diesel???

Much to the chagrin of the bio-diesel refiners...our farmers in my area NOT planting corn this year!!

Hmm , I wonder if these cruise ships fuel up in Canada ?This really ticked me off . 'The Real Deal - Business - redOrbit

 

[greg334]

Well a few things,

I didn't say anything about exports, I am talking about imports. We export crude to Japan and China from Alaska.

The refinery capacity does not mean we have 100% capacity to refine oil for our consumption, in fact we have to compete with refined oil with other countries, thanks to our environmental laws.

If the farmers are not growing corn, there may be another reason why - crop rotation. But anyway we get 18 gallons of pre-processed usable oil form an acre of land with corn while we get 120 to 140 gallons of pre-processed usable oil with Rapeseed (aka canola). The processing takes about 10% to 20% out of the amount we have, so that 120 gallons turns into about 108 gallons from an acre.

Burning more fuel to grow fuel, well I don't but the argument with reapseed, corn maybe. There is one farmer who sells this stuff up near my place in the thumb area and he uses the stuff he grows, his tractors used one acre of seed to plant and harvest his 120 acres.

You know we have enough vacant land and land that is being over developed that can be used to produce oil. If the people were smart they would scream for diesel engine cars.

 

[layoutshooter]

One reason that they will not scream for diesel cars is the highter taxes on diesel. Our dummies in congress tax want they want us to go to. Hey does anyone know that the only thing is this country that is more useless than a US Senator? T*ts on a Toad!!! And we have 3 of the running for pres. Geez, maybe an excise tax on solar pannels to help bring down the cost of them. Or a 100% windfall tax on APU companies to encourage them to sell more and bring the price down. Layoutshooter

 

[garman351]

One reason that they will not scream for diesel cars is the highter taxes on diesel. Our dummies in congress tax want they want us to go to. Hey does anyone know that the only thing is this country that is more useless than a US Senator? T*ts on a Toad!!! And we have 3 of the running for pres. Geez, maybe an excise tax on solar pannels to help bring down the cost of them. Or a 100% windfall tax on APU companies to encourage them to sell more and bring the price down. Layoutshooter

Everybody is all upset about fuel pricing increases, relax! it's just our sell out Government just putting the boot to the American People, "nothing new" it's just the bad economy back in the day a few million would work, but now it has to be in the Billions before all the rich business executives who run this country can relax going into retirement.

Last I knew charity starts at home, the American People cannot afford to live anymore but our sell out Government has no problem spending billions of our tax dollars on a God--m war that is and has been going no where and never will. We should at least charge that country our monthly operational bill in oil exchange or we should pull out. Last I knew I never received anything for nothing why should they? Oh thats right I forgot the American People means nothing to our Government.

America the strongest country in the world being brought down to it's knees from GREED. China will wait and some day they will simply buy whats left of our land and simply tell-us to get out with out firing a shot? (Preety smart)

garman