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Great Lakes prices dogged by refining malfunctions, issues

GasBuddy Blog -- The Great Lakes is poised to get a bump up in prices, similar in reason to what happened on the West Coast earlier this year as multiple refineries report issues in the region.

Great Lakes region saw prices for immediate gasoline delivery jump 10-cents per gallon early Monday morning and are the highest in the nation, beating out the West Coast for the dubious title of "most expensive wholesale gasoline prices" in the nation.

This coming on the heels of reports of a downed coker at BP's massive Northwest Indiana refinery, and weekend reports of issues at Citgo's Lemont, IL refinery, as well as Phillips 66's refinery in Wood River, IL. Combined, these facilities have the capacity to refine nearly one million barrels of crude...


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Submitted Jul 30, 2012 By: PD
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 6, 2012 3:51:22 AM

Martinman: I'm sure that ppl can find the tropical outlook information in many places.

Yes, the 'cane season will cause problems this year. Haven't had many hits lately, so it's bound to happen and it will drive prices up.
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Martinman
Champion Author Mississippi

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Message Posted: Aug 5, 2012 10:08:26 AM

The current Atlantic high pressure ridge that is the primary steering mechanism for Tropical systems, has been building and extendeding further southwest. This is what has been pushing Ernesto south of the earlier/initial forecast tracks.

A forecast mid-level pressure trough that was to weaken the Atlantic ridge and allow Ernesto to turn toward NW and then eventually North, has been slow to emerge off the Eastern U.S. coast.

If this continues, Ernesto will be driven into Central America south of the Yucatan, which will be bad news for Ernesto and good news for us !
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Martinman
Champion Author Mississippi

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Message Posted: Aug 5, 2012 8:27:30 AM

No, current Tropical activity in the Atlantic basin hasn't been factored in (yet).

I expect to see the first increase once the system reaches hurricane-strength, given its forecast track enters into the Gulf of Mexico. The second if it reachs Major Hurricane status (Cat III or higher).

The 60-cent per-gallon price hike in the St. Louis region experienced since June was due to the refinery 'issues' in this article, following the latest jobs report that 163,000 new jobs was signs the economy is recovering. There were two price hikes last week - 25-cents followed two days later a 12-cent hike - that on top of a price hike the week before of ~20-cents per gallon.

Prior to Katrina (2005), gasoline had already began its creep upward that started in 2001. I remember 'finding' $2.49 a gallon as being the 'low spot' in prices as I drove back from a scientific conference in California (which was then were above $3 per-gallon), the weekend Katrina struck the Mississippi/Louisiana coast. It spiked [then] to over $3 per-gallon, before retreating into the low $2 per-gallon range over the fall and winter.
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rocket_ron
Champion Author Grand Rapids

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Message Posted: Aug 5, 2012 8:13:30 AM

Ok
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Donatelo
Champion Author Dayton

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Message Posted: Aug 5, 2012 8:07:40 AM

ok
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 5, 2012 7:32:34 AM

not good
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 5, 2012 6:18:55 AM

and it's driving up prices back to August 2008 levels.
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rocket_ron
Champion Author Grand Rapids

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Message Posted: Aug 4, 2012 12:19:17 PM

Ok
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stonecold5005
All-Star Author Waco

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Message Posted: Aug 4, 2012 11:21:58 AM

not good
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Martinman
Champion Author Mississippi

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Message Posted: Aug 4, 2012 7:36:55 AM

The Monsoon trof off the Cape Verde Island became Tropical Depression #6 (TD6) yesterday evening at 2300 (1100PM EDT). Here is the first synopsis:

"... WHILE THE CYCLONE UNDERWENT GENESIS RATHER QUICKLY TODAY...IT MAY BE
THAT THE SYSTEM WILL NOT DEVELOP MUCH FURTHER. CURRENTLY THE
CYCLONE IS BEING AFFECTED BY MODERATE NORTHEASTERLY VERTICAL SHEAR.
WHILE THIS SHOULD DIMINISH IN ABOUT A DAY...THE COMBINATION OF ONLY
LUKEWARM SEA SURFACE TEMPERATURES AND A FAIRLY DRY STABLE
ATMOSPHERE MAY ALLOW THE CYCLONE TO PEAK ONLY AS A LOW-END TROPICAL
STORM. AFTER ABOUT TWO DAYS...THE SYSTEM SHOULD BE WEAKENING AND
IT MAY NO LONGER BE A TROPICAL CYCLONE BY DAY FOUR OR FIVE AS
SUGGESTED BY THE GLOBAL AND REGIONAL HURRICANE MODELS. THE
INTENSITY FORECAST IS A BLEND OF THE STATISTICAL LGEM AND SHIPS
MODELS AND THE DYNAMICAL GFDL AND HWRF MODELS...WITH A BIT MORE
EMPHASIS ON THE LATTER."

-----

Their forecast last night did not call for the system becoming a Tropical Storm before late this evening. Their forecast discussion this morning essentially made the same assertion.

Three hours later they posted the following announcement, as an "update":

"...TROPICAL DEPRESSION SIX BECOMES A TROPICAL STORM...

SATELLITE IMAGES INDICATE THAT TROPICAL DEPRESSION SIX HAS BECOME
TROPICAL STORM FLORENCE WITH MAXIMUM SUSTAINED WINDS OF 40 MPH...65
KM/HR."

Current Satellite Infrared Satellite Image (looped)
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 4, 2012 7:13:53 AM

The system in the trough off the Cape Verde region is already TS Florence (that one is guaranteed to be turning into a 'cane sooner than later).

The other one off Cape Canaveral is about to dissipate (10%).

Still, the jitters will drive prices up.
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Martinman
Champion Author Mississippi

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Message Posted: Aug 3, 2012 9:31:52 PM

Earnesto, while not strengthening, has been getting better organized. Thunderstorms have completely filled in around the low pressure, and upper-level outflow has been observed developing since this afternoon.

Late this afternoon, the Monsoon trof off the Cape Verde Islands was increased to a 70% probability of developing into the Tropical system in the next 48 hours.

The disturbance in the Bahamas was dropped to a 20% chance of developing over the next 48 hour period.
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treeguy
Veteran Author Wisconsin

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Message Posted: Aug 3, 2012 4:35:08 PM

Prices were "too low" here. Pig Oil had to raise them.
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Martinman
Champion Author Mississippi

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Message Posted: Aug 3, 2012 11:56:37 AM

Well, August is off to a bang!

After having for the first time in modern history, four named Tropical systems before July 1st (first 30 days of the Atlantic Hurricane Season)....

We've went from having a single Tropical Depression Wednesday evening (TD5), to a Tropical Storm yesterday (Earnesto), and now forecast as hurricane by Sunday - possibly a major hurricane (Cat III or higher) by Tuesday.

In the course of less than two days since TD #5 was announced, in the Atlantic Tropical basin...

- a second wave off the Cave Verde Islands was identified with a 10% chance of developing into a Tropical system (yesterday morning)
- change of tropical development increased to a 30% chance of forming (early this morning)
- a third area of tropical disturbance of the U.S. East coast with a 10% chance of forming (mid-morning update)
- probability of tropical system develoment have been upgraded for both above mentioned disturbances to 50% and 30%, respectively, at 1400 (2PM EDT).

Most recent Atlantic Tropical Weather Outlook

Guess mother nature is making-up for lost time...

[Edited by: Martinman at 8/3/2012 2:03:19 PM EST]
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honda0105
Champion Author Tallahassee

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Message Posted: Aug 3, 2012 3:54:54 AM

well, with Ernesto being predicted to be a 'cane before next weekend, we'll probably see some more rising prices at the pump across the nation.
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Martinman
Champion Author Mississippi

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Message Posted: Aug 2, 2012 8:40:18 PM

Hey, I'm sure this is will be good for another 50-cents per gallon...

It's ALIVE !
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albert2008
Champion Author Winnipeg

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Message Posted: Aug 2, 2012 7:20:36 AM

not good
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Martinman
Champion Author Mississippi

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Message Posted: Aug 2, 2012 6:52:58 AM

Add an Oklahoma refinery explosion/fire to the list...
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joecompute2
Rookie Author Chicago

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Message Posted: Aug 1, 2012 11:01:26 PM

Well, from $3.57 late last week, we are up to $4.19 at the nearby Shell in Lake County Il... "just a little up, boys... refinery problems , you know..."
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RapMassaG
Champion Author Cincinnati

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Message Posted: Aug 1, 2012 2:00:15 PM

Looks like we're getting 3 Greedway spikes in an 8 day period. Including the one coming tomorrow, we'll have gone from $3.25 to $4 ($3.999) in 8 days. Unreal.

[Edited by: RapMassaG at 8/1/2012 4:02:17 PM EST]
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Martinman
Champion Author Mississippi

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Message Posted: Aug 1, 2012 1:08:33 PM

heysilor from Pittsburg posted...

"Great timing - who's running this, ENRON alumni?"

-----

NO! NO! NO!

You've got it all wrong.

They run Kinder Morgan Energy Partners, the largest U.S. pipeline concern. The company was founded by Richard Kinder, the former Enron COO...

From wiki:

"Richard Kinder was born in Cape Girardeau, Missouri in 1944.[6] He received a B.A. in 1966 and a J.D. in 1968, both from the University of Missouri.[2][7][3][6] In college, he was a member of the Sigma Nu fraternity.[6]

He started his career as a lawyer and real-estate investor in Houston, Texas.[4] After he filed for bankruptcy, he joined the Enron Corporation.[4] He has been friends with its founder, Kenneth Lay, in college.[4] From 1990 to December 1996, he served as its President and COO.[3] In 1996, he left Enron and started a new pipeline company with William V. Morgan, another friend from college.[4][5] They purchased Enron Liquids Pipeline for $40 million.[4] They also merged with KN Energy.[4] From 1994 to 2004, he was a Board member of Baker Hughes.[6]

He serves on the Boards of Directors of Transocean, Waste Management, Inc.[3] He is also Chairman of the Board of the Interstate Natural Gas Association of America and the Santa Fe Pacific Pipeline, and Vice Chairman and Director of the National Petroleum Council.[3]

He is a life trustee of the Museum of Fine Arts, Houston, and a national Board member of the Smithsonian Institution.[2][3][4] He has also donated $15 million to Rice University, and $30 million to enhance parks around Houston, both through his Kinder Foundation.[4] A Republican, he campaigned for Bush-Quayle in 1992, for Bush-Cheney in 2004, for John McCain in 2008, and for Kay Bailey Hutchinson and Tom DeLay.[6]"

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HyenaDriver
Rookie Author Illinois

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Message Posted: Aug 1, 2012 8:54:24 AM

I just saw $3.99 in my neighborhood, the far NW suburbs of Chicago. Downtown is already at $4.39!

Speculation??
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stcoesda2
Champion Author Illinois

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Message Posted: Jul 31, 2012 11:09:07 PM

3.43 Sunday to 3.79 now, that's what ours is doing
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Vette1967
Champion Author Albany

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Message Posted: Jul 31, 2012 10:34:46 PM

They're proud being the highest price? I would avoid them like the plague.
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coughlin
Champion Author San Jose

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Message Posted: Jul 31, 2012 8:49:40 PM

Good luck!
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DanMtz
Champion Author Oakland

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Message Posted: Jul 31, 2012 5:49:14 PM

More refinery monkey business.
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gas4433
Champion Author Houston

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Message Posted: Jul 31, 2012 3:45:39 PM

Ok
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hank1326
Champion Author Los Angeles

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Message Posted: Jul 31, 2012 1:49:25 PM

More excuses to jack up the prices.
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Gas_Buzzer
Champion Author South Carolina

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Message Posted: Jul 31, 2012 1:30:35 PM

wolf wolf!
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RapMassaG
Champion Author Cincinnati

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Message Posted: Jul 31, 2012 1:28:01 PM

Such is life in a Greedway state.
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Rajah
Champion Author Illinois

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Message Posted: Jul 31, 2012 1:24:04 PM

I guess this explains the 30 cent jump we saw here in Central Illinois yesterday. :( We almost never go up 10 cents. It's usually 25 or 30 when it spikes and then slooowly trickles back down.
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stonecold5005
All-Star Author Waco

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Message Posted: Jul 31, 2012 11:25:09 AM

ok
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Tekkie
Champion Author Philadelphia

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Message Posted: Jul 31, 2012 11:21:32 AM

old
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sparky808
Champion Author Honolulu

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Message Posted: Jul 31, 2012 11:19:03 AM

old post
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grammamNV
Champion Author Nevada

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Message Posted: Jul 31, 2012 11:18:59 AM

saw this yesterday
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methaneman
Champion Author Minnesota

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Message Posted: Jul 31, 2012 11:18:08 AM

Another excuse
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slowpoke63
Champion Author Louisiana

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Message Posted: Jul 31, 2012 11:17:59 AM

ok
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Ticoman54
Champion Author Miami

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Message Posted: Jul 31, 2012 11:17:37 AM

Excuses...
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Cheepo
Champion Author Tampa

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Message Posted: Jul 31, 2012 11:17:00 AM

Drill baby drill!
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mycar2
Champion Author Akron

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Message Posted: Jul 31, 2012 11:15:34 AM

here we go again
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Harry813
Champion Author Iowa

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Message Posted: Jul 31, 2012 11:13:58 AM

And the trend continues.....
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pachukdog1
Champion Author Pensacola

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Message Posted: Jul 31, 2012 11:09:09 AM

haha
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divebomber
Champion Author Nebraska

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Message Posted: Jul 31, 2012 11:08:54 AM

NO WHERE TO HIDE!
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Gtownhog
Veteran Author Memphis

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Message Posted: Jul 31, 2012 11:07:21 AM

Refineries!!
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toxigas
Champion Author Oakland

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Message Posted: Jul 31, 2012 11:06:55 AM

The big oil profit machine has been honing its craft for decades...
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boatmen
Champion Author New York

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Message Posted: Jul 31, 2012 11:05:45 AM

wow more greedy biches in shorts to tight
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dieselme2011
Champion Author British Columbia

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Message Posted: Jul 31, 2012 11:04:57 AM

ok
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Tanner_1
Champion Author Virginia Beach

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Message Posted: Jul 31, 2012 11:04:14 AM

Great comments all!
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tco9436
Champion Author Connecticut

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Message Posted: Jul 31, 2012 11:03:15 AM

big oil rearing it's head
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radiorumor
Champion Author Texas

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Message Posted: Jul 31, 2012 11:01:59 AM

This was predicted so no surprise here
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