Introduction In Part I, I discussed the short term factors that have resulted in the recent, rapid increase in the price of gasoline. But there are a number of underlying, long-term issues that have been […]
Tag: refining
The Cost of Environmental Regulations
That title will immediately raise some eyebrows, but I am not suggesting that we don’t need the environmental regulations we have. Rather, I just want people to understand that this is part of the cost […]
Record Prices = Record Profits?
So, I am running through some of my daily news searches – things like “gas prices”, “gas gouging”, “alternative energy”, etc. I ran across this gem: Gas price gouging becomes even more obvious It is […]
API Conference Call on Gas Prices
On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I […]
Gouging is an Idiotic Explanation
Not my words, but I have expressed similar sentiments. Paul Sankey, an analyst with Deutsche Bank, testified on May 15th before the Senate Committee on Energy and Natural Resources. I would guess some jaws dropped […]
Gas Boycott Post Mortem
Well, let’s see what effect the gas boycott of 2007 has had. If you recall, on May 15th you weren’t supposed to buy gasoline, and this would cause gas prices to drop: “Do not buy […]
AAA on Record Gas Prices
AAA says we hit a new gasoline price record: Retail gasoline prices hit record high: AAA NEW YORK (Reuters) – U.S. gasoline prices climbed to a record high average of $3.073 a gallon on Monday, […]
Refining 101: Summer Gasoline
Just what is summer gasoline? Twice a year, in the fall and in the spring, you hear about the seasonal gasoline transition. However, most people probably don’t understand what this actually means. AAA recently provided […]
Refining 101: The Assay Essay
When a refinery purchases crude oil, the key piece of information they need to know about that crude, besides price, is what the crude oil assay looks like. There has been a lot of discussion […]