Good news

[bigoil]

Guys,

Purchased gasoline for 92 cents today in the bulk market today. Add 5 cents wholesale margin, 5 cents logistics, 25 cents retail margin and 52 cents tax we will closing in on sub $1.80 soon if these prices sustain for more than a day!

Biggest tax cut for us all!!

[Ghetto]

You are my hero Howavi. 

[MarkK]

that's great.  Not sure about our friends in North Dakota,but I'mhapppy

[bigoil]

$1.89 in GB.

[Ghetto]

I don't have any friends in ND, but I do here, where it was 1.93 last night. 

[imnofish]

Great news!  I'll take it!   

[Dale Einerson]

Great news.

And, am I understanding what I am reading correctly when I read OPEC is still playing Uncle by producing and loading up all available storage?

[npope]

It's $1.72 down here in central Illinois.

[littleguy301]

when will they decide to take down a couple refinaries for work? maybe a couple in a 400 mile radius? I hear the word outage is coming in my area which will drive the price up.

Any info on that Bigoil?

[bigoil]

when will they decide to take down a couple refinaries for work? maybe a couple in a 400 mile radius? I hear the word outage is coming in my area which will drive the price up.

Any info on that Bigoil?

They don't do work until spring, your big one up there just finished up a major turnaround. April is generally the earliest we see turnarounds in the Midwest. Unplanned I certainly can't predict.

[littleguy301]

when will they decide to take down a couple refinaries for work? maybe a couple in a 400 mile radius? I hear the word outage is coming in my area which will drive the price up.

Any info on that Bigoil?

They don't do work until spring, your big one up there just finished up a major turnaround. April is generally the earliest we see turnarounds in the Midwest. Unplanned I certainly can't predict.

in the past couple of years were there 2 out of the 3 that had the turnarounds and now I hear that the third one could be coming up for a turnaround.

I know the one in my area had a major turnaround but they may have another one to continue the increase in size/production and such. That was planned from what I gathered but I am still on the outside looking in and hearing about it through the rumor mill and with the amount of hiring and man hours they are looking at this late winter spring.

[bigoil]

You were referencing Unplanned disruptions plus planned maintenance from 2014 when prices went very high in April/May/June of 2014.

Flint was on a planned turnaround and Joliet has a major unit go offline.

Flint is increasing capacity and has also increased their pipeline capacity and terminals in WI. I believe they are now working on additional technology adds to meet tier 3 gasoline standards that go into effect in 2017. I believe they have something like 2-3000 contractors on site. A couple of years ago, BP had 9,500 contractors working on increasing their capacity and ability to handle heavy sour crude from Canada.

[littleguy301]

You were referencing Unplanned disruptions plus planned maintenance from 2014 when prices went very high in April/May/June of 2014.

Flint was on a planned turnaround and Joliet has a major unit go offline.

Flint is increasing capacity and has also increased their pipeline capacity and terminals in WI. I believe they are now working on additional technology adds to meet tier 3 gasoline standards that go into effect in 2017. I believe they have something like 2-3000 contractors on site. A couple of years ago, BP had 9,500 contractors working on increasing their capacity and ability to handle heavy sour crude from Canada.

that sounds more like it.

Is BP the one putting in the line through Indiana and such?

The man hours at Flint is just plan and simple out of hand what they are predicting for the next 3 years. millions of man hours and that is just breath taking!!!!!!!

[bigoil]

You were referencing Unplanned disruptions plus planned maintenance from 2014 when prices went very high in April/May/June of 2014.

Flint was on a planned turnaround and Joliet has a major unit go offline.

Flint is increasing capacity and has also increased their pipeline capacity and terminals in WI. I believe they are now working on additional technology adds to meet tier 3 gasoline standards that go into effect in 2017. I believe they have something like 2-3000 contractors on site. A couple of years ago, BP had 9,500 contractors working on increasing their capacity and ability to handle heavy sour crude from Canada.

that sounds more like it.

Is BP the one putting in the line through Indiana and such?

The man hours at Flint is just plan and simple out of hand what they are predicting for the next 3 years. millions of man hours and that is just breath taking!!!!!!!

There are a couple of projects going on to the East.

Wolverine Pipeline, leaves IN to Detroit, MI (owned by a few companys, Exxon is largest owner).

Buckeye Pipeline, Leaving MI to OH.

Sunoco - Toledo, OH to Western PA.

More supply in the Midwest than demand after all these projects are complete - BP Whiting, Flint, P66 Woodriver among the biggest projects.

[littleguy301]

You were referencing Unplanned disruptions plus planned maintenance from 2014 when prices went very high in April/May/June of 2014.

Flint was on a planned turnaround and Joliet has a major unit go offline.

Flint is increasing capacity and has also increased their pipeline capacity and terminals in WI. I believe they are now working on additional technology adds to meet tier 3 gasoline standards that go into effect in 2017. I believe they have something like 2-3000 contractors on site. A couple of years ago, BP had 9,500 contractors working on increasing their capacity and ability to handle heavy sour crude from Canada.

that sounds more like it.

Is BP the one putting in the line through Indiana and such?

The man hours at Flint is just plan and simple out of hand what they are predicting for the next 3 years. millions of man hours and that is just breath taking!!!!!!!

There are a couple of projects going on to the East.

Wolverine Pipeline, leaves IN to Detroit, MI (owned by a few companys, Exxon is largest owner).

Buckeye Pipeline, Leaving MI to OH.

Sunoco - Toledo, OH to Western PA.

More supply in the Midwest than demand after all these projects are complete - BP Whiting, Flint, P66 Woodriver among the biggest projects.

Exxon, there that is the one. Exxon was a cause of some conflict over right to work in Wisconsin

filled up the truck for under 50$ last weekend. Man it has been since 08 I did that!