I noticed at a gas station in my local area that the pump had been reprogrammed to ad an extra digit to the price of fuel. The price was displayed as "$05.xx". Has anybody else seen this around the country?
No but I am fearing it.I noticed at a gas station in my local area that the pump had been reprogrammed to ad an extra digit to the price of fuel. The price was displayed as "$05.xx". Has anybody else seen this around the country?
Gas just went up $ .40 a gallon here yesterday putting it as $4.399. I filled one my cars Sunday for $3.999 per gallon.I have not seen this yet. However, gas is slowly coming down in my area. I just paid $4.49/gal.
87 here is $4.49Gas just went up $ .40 a gallon here yesterday putting it as $4.399. I filled one my cars Sunday for $3.999 per gallon.
4 refineries, among others, that were shut down during the first year of COVID are still offline. The supply of crude does not justify such a high price.Today I heard from a friend that is a reator that he is hearing that diesel is going to over $10/gal and rationing next.. What happened????
We expect prices for gasoline, distillate fuel oil, and jet fuel to begin decreasing after May as refinery maintenance from April comes to an end, increasing production and reducing some of the pressure on prices in the current market.
We estimate U.S. refinery utilization in April was 90% of operable capacity as planned maintenance—which often occurs between February and April—and unplanned refinery outages contributed to relatively lower refinery inputs. In May, we expect refinery utilization to increase to 93% and then to 95% in June, before averaging 94% in the third quarter of 2022
Gasoline crack spreads are 68% higher than the five-year average.....Crack spreads are the difference between the price of crude oil and the wholesale price of a refined petroleum product, and industry participants use them to estimate refining margins.
It might very well happen on the east coast.Today I heard from a friend that is a reator that he is hearing that diesel is going to over $10/gal and rationing next.. What happened????
Last week, East coast inventories of diesel plunged to the lowest seasonal level since government records started more than 30 years ago. The shortage caused a crisis in the diesel market, sending wholesale and retail diesel prices to an all-time high.
East coast refining capacity has plunged over the last decade, leaving the region vulnerable to squeezes.In the past 15 years, the number of refineries on the U.S. East coast has halved to just seven. The closures have reduced the region’s oil processing capacity to just 818,000 barrels per day, down from 1.64 million barrels per day in 2009.
With diesel prices at a record high, refineries are trying to produce the most they can. The financial incentive is there: The diesel crack margin – a simplified measure of the profit available for turning a barrel of crude into diesel – on Monday surged to a record $73.5 per barrel. The 2000-to-2020 average diesel crack stood at $15.7 per barrel.
Gas just went up $ .40 a gallon here yesterday putting it as $4.399. I filled one my cars Sunday for $3.999 per gallon.
Most people do not pay attention unless their Tv tells them to pay attention. This is to force the sale of electric vehicles. Remember your government is your friend , it is here to help you. Obey your Tv.They said 2 years ago they wanted $10 a gal gas. I have a bad back from bending over so much.