OneEyedDiva
SF VIP
- Location
- New Jersey
I'm not sure where this is, but I'm guessing its California. This is from this morning's Good Morning America broadcast.
U.S. pump prices and projections
- Thread starter Harry Le Hermit
- Start date
MACKTEXAS
Well-known Member
MACKTEXAS
Well-known Member
Yes, it will. That fire was at a Valero refinery in Port Arthur, Texas, one of the largest facilities in the nation, producing 300 - 500 thousand gallons of oil per day.
Harry Le Hermit
Member
Pump Prices for gasoline are still rising in some area, most notably California. In other areas it seems to be holding steady.
Pump Prices for diesel are following the same pattern, although a slight dip is noted in some states.
Yes, Valero refinery in Port Arthur is currently shutdown. It daily produces approximately 220K bpd gasoline; 140K of distillate; 50K of jet fuel; with the rest for various other products. How much is for domestic and how much for export is beyond my powers.
Pump Prices for diesel are following the same pattern, although a slight dip is noted in some states.
Yes, Valero refinery in Port Arthur is currently shutdown. It daily produces approximately 220K bpd gasoline; 140K of distillate; 50K of jet fuel; with the rest for various other products. How much is for domestic and how much for export is beyond my powers.
Harry Le Hermit
Member
Ever so slight dip in national average of gasoline. Diesel seems to be nearing a plateau. Kansas had been the low gasoline average, but that crown now goes to Oklahoma.
PADD #5, which includes California, has seen a dip in Crude stocks, while refined product inventories are remaining steady, per EIA report of 3-25.
PADD #5, which includes California, has seen a dip in Crude stocks, while refined product inventories are remaining steady, per EIA report of 3-25.
IKE
Well-known Member
- Location
- Oklahoma....U.S.A.
Topped off the pickup a little bit ago and regular 100% gas (non ethanol) has come down 24¢ since 3-15.....$3.65 per gallon this morning.
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Aunt Bea
SF VIP
- Location
- Near Mount Pilot
Not always a bad thing.
Stock prices are down but earnings are up, stocks are on sale.
The bad thing is the lack of stability and the uncertainty in the world.
Time will tell.
RambleTamble
Member
- Location
- U.S.
Millions of people are currently facing acute hunger and "grocery supply emergencies" due to the effective closure of the Strait of Hormuz as of March 2026. The United Nations has warned that the number of people facing acute hunger could reach record levels this year if the conflict persists.
Have less than a week if bargain hunting because speculation right or wrong will drive the market closer to the latest deadline.
Bought one oil company at the begining of the virus for 4 bucks and eventually went over 30 a year later for a while It's paying dividends so I'm keeping it for now.
Hopefully no one has to cash out right now although there is tax selling now so investors can pay their taxes.
MACKTEXAS
Well-known Member
I have no stock - I just monitor the market as it reflects investors' concerns about the current state of affairs.
Yes, the standard advice is not to panic sell. Best wishes for your investments.