Gasoline sales halted in California.

[ZenOps]

http://online.wsj.com/article/SB1000...567209038.html

Dun dun duhhhhh....

"Valero Energy Corp. said Thursday it has stopped selling gasoline into the California spot market because of a product shortage resulting from a spate of refinery outages in the state.

Valero, the largest refiner in the U.S., took the unusual step after accidents and maintenance have caused shutdowns at several California refineries"

That refinery fire back a few months ago is now coming to bite them in the ass. Gasoline in California is up 9 cents overnight.

http://abclocal.go.com/kabc/story?se...mer&id=8835209

[Zephyr]

Gas in my area just hit $4.80 a gallon for 91. Downtown LA is over $5 already

[Masked Bandit]

Originally posted by Zephyr
Gas in my area just hit $4.80 a gallon for 91. Downtown LA is over $5 already

By 91 I'm assuming you mean what we call premium? What is 87 (regular)?

[GS430]

Originally posted by Zephyr
Gas in my area just hit $4.80 a gallon for 91. Downtown LA is over $5 already

Still cheaper than Vancouver's gas prices.

[canadian booster]

meanwhile GM sells 2,500 Volt's in August alone, those numbers for any elec.car will go up i'm sure although they're slow in canada, most people doubt their performance in the winter months

[Zephyr]

Originally posted by Masked Bandit


By 91 I'm assuming you mean what we call premium? What is 87 (regular)?

Regular is at $4.60. Yeah 91 is our premium. Gas price went up

Originally posted by GS430


Still cheaper than Vancouver's gas prices.

How much is it per liter there?

[JRSC00LUDE]

Originally posted by Zephyr
Regular is at $4.60. Yeah 91 is our premium. Gas price went up

That's still only $1.22/litre, unfortunately that's not that bad....

[Unknown303]

Ah the Volt, the coal powered car.

[roopi]

Originally posted by Zephyr


Regular is at $4.60. Yeah 91 is our premium. Gas price went up



How much is it per liter there?

$1.35/L

[ercchry]

i just paid $1.35 in calgary today for 91

[Zephyr]

Originally posted by roopi


$1.35/L

So after conversion it's about $5.11 a gallon, which is the price in downtown LA... yikes.. so depressing.

Meanwhile Las Vegas price is at $3.60

[prosh]

$1.22/L for 91 at Costco fuel

[dj_patm]

Canadian Gas prices are ridiculous.

We need to start refining our own oil asap.

[rage2]

For oil to be right in our backyards, we sure pay a lot for gas here lol.

[GS430]

Originally posted by rage2
For oil to be right in our backyards, we sure pay a lot for gas here lol.

I've heard so many people say the exact same thing. Can anyone in O&G englighten us as to why this happens?

Is it because of various taxes?

[kenny]

Originally posted by GS430


I've heard so many people say the exact same thing. Can anyone in O&G englighten us as to why this happens?

Is it because of various taxes?

Gas prices high due to lack of local refineries, lack of local refineries because of ...

http://www.cbc.ca/news/business/stor...ng-canada.html

Coles:
$7B to build refinery
60 refineries on Gulf Coast are idle
Not enough local demand for refinery in Canada

...

Not in the O&G industry, but IMO, It's because there are more profits to move the oil out via pipeline to US/Asian refineries.

[DeleriousZ]

When I was living in vancouver last year, I paid over 1.60/L for 94. ouchies lol

[davidI]

Originally posted by GS430


I've heard so many people say the exact same thing. Can anyone in O&G englighten us as to why this happens?

Is it because of various taxes?

Taxes are a huge part of it. A quick google turned up this:

Canadians pay about 33% in combined taxes on average on the price of fuel, and Americans pay about 11%, Canadian gas guru Preet Banarjee reported a while back.

http://blogs.marketwatch.com/canada/...-higher-taxes/

I'm sure there are better references out there but I don't have the time to search for them now.

Originally posted by kenny


Gas prices high due to lack of local refineries, lack of local refineries because of ...

http://www.cbc.ca/news/business/stor...ng-canada.html

Coles:
$7B to build refinery
60 refineries on Gulf Coast are idle
Not enough local demand for refinery in Canada

...

Not in the O&G industry, but IMO, It's because there are more profits to move the oil out via pipeline to US/Asian refineries.

Kenny is completely right in that the margins on refineries are slim and new ones haven't been built for ages. In fact, the ones in the Southern US even re-tooled to handle heavy crudes (West Canadian Select is relatively heavy compared to WTI). So, we end up shipping crude South and then shipping the distillates back up North to us. Impractical? Probably. But given the capital costs to build new refineries and close up old ones, it probably makes sense to continue shipping to the south for refining.

[Supa Dexta]

1.43 in NS for reg

[syritis]

paid 3.49/gallon in idaho about a month back. these people have it rough.