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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
Posts: 55,652
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BTW, this refinery won't hurt the supply or the price much at all. There is an over-supply of winter gas right now which has caused the wholesale price of gas to dip below $2 a gallon.
You can thank the taxes (about 50 cents) and the greedy station owners for keeping it close to $3 a gallon at the pumps.
I can think of at least 6 refineries that are either down or partially down right now.
If they aren't back up and running in a month or two it could make a big difference.
Now, if you live in Hawaii and like to drive you better get a moped. There are two refineries there, one is about 50% down and has had two explosions in the past 3 months. It lost about $85 million last quarter, due to one explosion and the stupid price cap that Hawaii passed. That refinery may be shut down for good if things don't change, it isn't worth it to run it at a loss. If that happens the politicians over there will have to either get rid of the stupid law or they will not have enough gas to go around. Very few companies will be willing to import gas to the islands if they have to sell it at a loss.
Gas will be cheap there but you'll only be able to buy a gallon at a time.
Last edited by sammyg2; 02-18-2008 at 12:45 PM..
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