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As gas prices rise, no relief in sight at pump

The Wall Street Journal --
U.S. gasoline prices jumped 6% in February, and market experts predict they will climb higher because critical refining operations in the Northeast are shutting down.

From New York to Philadelphia, refineries that turn oil into gasoline have been idled or shut permanently because their owners are losing money on them. Sunoco Inc. is expected to close the region's largest refinery in July, taking another 335,000 barrels per day in production capacity off the market.The East Coast refineries are getting squeezed by the soaring cost of crude oil, the major component in gasoline. The cost of oil has jumped in the past year due to global economic growth and rising tensions between Western nations and Iran, a major producer. Refineries haven't been able to increase their own prices e

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Submitted Mar 18, 2012 By: RENEGADEGAS

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blazerbob91 Champion Author Milwaukee Posts:6,145 Points:1,883,670 Joined:Aug 2005	Message Posted: Mar 18, 2012 11:35:56 PM Ignore blazerbob91 Report Abuse That sounds like manipulation.
ratones1 Champion Author Los Angeles Posts:2,912 Points:731,980 Joined:Mar 2011	Message Posted: Mar 18, 2012 11:34:22 PM Ignore ratones1 Report Abuse politics...
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Mar 18, 2012 11:31:49 PM Ignore sydb7 Report Abuse Need a release from the SPR!
fenster66 Champion Author Pittsburgh Posts:3,350 Points:674,090 Joined:May 2011	Message Posted: Mar 18, 2012 11:29:21 PM Ignore fenster66 Report Abuse this is not news anymore....
DirtDauber Champion Author San Antonio Posts:6,781 Points:1,627,460 Joined:Nov 2005	Message Posted: Mar 18, 2012 11:28:09 PM Ignore DirtDauber Report Abuse Quit driving for fun. Drive only as required. And combine erands.
jackster111 Champion Author North Carolina Posts:3,327 Points:425,560 Joined:Feb 2012	Message Posted: Mar 18, 2012 11:21:20 PM Ignore jackster111 Report Abuse Looks like we'll all have to make more changes in driving habits.
monieet All-Star Author California Posts:964 Points:530,080 Joined:Mar 2011	Message Posted: Mar 18, 2012 11:17:37 PM Ignore monieet Report Abuse OK!
ghostNC Rookie Author North Carolina Posts:57 Points:15,200 Joined:Feb 2012	Message Posted: Mar 18, 2012 11:17:09 PM Ignore ghostNC Report Abuse all the more reason to find another energy source and actually use it! When people have no choice but to do that, they will either adapt or they will fail. Natural selection is a bitch
abcdMA Champion Author Worcester Posts:7,922 Points:1,574,980 Joined:Nov 2008	Message Posted: Mar 18, 2012 11:14:06 PM Ignore abcdMA Report Abuse an energy policy that allowed more domestic drilling, more refining capacity and access to Canadian oil would certainly have had a positive impact on prices
JagXKR Champion Author British Columbia Posts:3,159 Points:1,091,380 Joined:Dec 2009	Message Posted: Mar 18, 2012 11:13:48 PM Ignore JagXKR Report Abuse Smoke and mirrors.
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: Mar 18, 2012 11:13:38 PM Ignore min_fuel Report Abuse Deg is right, Obama gets re-elected, change will come and the US as we know it will disappear. Fuel prices over $6/gal will cause a depressions.
serrog Champion Author Nova Scotia Posts:5,564 Points:1,512,130 Joined:Oct 2008	Message Posted: Mar 18, 2012 11:12:50 PM Ignore serrog Report Abuse Realists don't anticipate any relief at the pump
min_fuel Champion Author Philadelphia Posts:1,956 Points:722,545 Joined:Jan 2008	Message Posted: Mar 18, 2012 11:11:57 PM Ignore min_fuel Report Abuse The fuel prices in the Philly Metro area have jumped considerably in the last month, especially Diesel, going from $3.51 to $4.50 since Feb 16.
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Mar 18, 2012 11:11:52 PM Ignore DEG Report Abuse If Obama is reelected expect $10 to $15/gallon gas by 2016.
cisson All-Star Author Kentucky Posts:516 Points:383,610 Joined:Jul 2010	Message Posted: Mar 18, 2012 11:10:43 PM Ignore cisson Report Abuse makes it impossible for everyone to live their life to the fullest.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Mar 18, 2012 11:09:18 PM Ignore tippybuddy Report Abuse ok
egd Champion Author Twin Cities Posts:8,088 Points:2,118,300 Joined:Mar 2005	Message Posted: Mar 18, 2012 11:09:07 PM Ignore egd Report Abuse we are exporting gasoline, prices wont drop much
sljbc475 Champion Author Tucson Posts:4,220 Points:872,375 Joined:Dec 2010	Message Posted: Mar 18, 2012 11:08:56 PM Ignore sljbc475 Report Abuse Higher the price the more everything else costs.
ScottTee Champion Author Detroit Posts:4,386 Points:1,062,620 Joined:Mar 2010	Message Posted: Mar 18, 2012 11:06:53 PM Ignore ScottTee Report Abuse any more bad news for us?
dancygreen Champion Author Twin Cities Posts:2,063 Points:484,885 Joined:Sep 2011	Message Posted: Mar 18, 2012 11:03:58 PM Ignore dancygreen Report Abuse blah blah BLAH!
lyons_coop Veteran Author Kansas Posts:411 Points:155,310 Joined:Jan 2012	Message Posted: Mar 18, 2012 11:01:13 PM Ignore lyons_coop Report Abuse I'd hate to be living on the east coast.
baconnie Champion Author Dallas Posts:2,797 Points:563,210 Joined:Jun 2008	Message Posted: Mar 18, 2012 11:00:57 PM Ignore baconnie Report Abuse ok
bigmamaCO Rookie Author Colorado Springs Posts:15 Points:3,125 Joined:Mar 2012	Message Posted: Mar 18, 2012 11:00:07 PM Ignore bigmamaCO Report Abuse here we go again
ShutRBug Champion Author Ontario Posts:1,524 Points:653,365 Joined:Jun 2005	Message Posted: Mar 18, 2012 10:58:27 PM Ignore ShutRBug Report Abuse Sigh
checkitnow Champion Author Atlanta Posts:2,036 Points:572,320 Joined:Aug 2010	Message Posted: Mar 18, 2012 10:57:44 PM Ignore checkitnow Report Abuse and yet people want to punish oil companies for the 'excessive profits' they make... meanwhile the price of gasoline goes up because its very hard to make money on small margins
suzmar Champion Author Texas Posts:2,212 Points:872,740 Joined:Jun 2006	Message Posted: Mar 18, 2012 10:56:02 PM Ignore suzmar Report Abuse There won't be any relief as long as the Obama Administration and the EPA continue their vendetta against the oil industry.
ExplorerWA Champion Author Washington Posts:4,078 Points:797,150 Joined:Feb 2011	Message Posted: Mar 18, 2012 10:51:50 PM Ignore ExplorerWA Report Abuse That will send gas even higher.
Red7002011 Champion Author Mississippi Posts:3,332 Points:668,720 Joined:Jul 2011	Message Posted: Mar 18, 2012 10:51:13 PM Ignore Red7002011 Report Abuse Really!
OKRifle Champion Author Oklahoma City Posts:10,397 Points:1,809,310 Joined:Oct 2007	Message Posted: Mar 18, 2012 10:51:10 PM Ignore OKRifle Report Abuse You got that right!
Shines357 Sophomore Author Florida Posts:113 Points:55,840 Joined:Mar 2012	Message Posted: Mar 18, 2012 10:50:08 PM Ignore Shines357 Report Abuse Shocker...
altima2008 Champion Author Philadelphia Posts:8,160 Points:1,737,015 Joined:Apr 2008	Message Posted: Mar 18, 2012 10:49:30 PM Ignore altima2008 Report Abuse Its a matter of time when this economy permanently crashes. Nobamas smoke and mirror tactics on how well the economy is doing are what they are smoke and mirrors. Watch by the end of the summer more companies will shut down and go out of business, unemployment will sky rocket and then what??? Novemember is too far away but if we make it that far we have to vote him out!
PoohMcGoo Champion Author Alabama Posts:3,067 Points:800,585 Joined:Dec 2010	Message Posted: Mar 18, 2012 10:49:18 PM Ignore PoohMcGoo Report Abuse Still don't understand how the refineries that make the gas can't turn a profit, even if it means higher prices.. we have to have it..
Bud122CA Champion Author California Posts:7,471 Points:1,606,075 Joined:Jul 2008	Message Posted: Mar 18, 2012 10:46:30 PM Ignore Bud122CA Report Abuse Prices were high here but now coming down.
FlyNFool Champion Author South Carolina Posts:8,244 Points:1,685,200 Joined:Aug 2008	Message Posted: Mar 18, 2012 10:43:45 PM Ignore FlyNFool Report Abuse I'm surprised, not.
crowefamily1 All-Star Author Texas Posts:804 Points:297,100 Joined:Sep 2006	Message Posted: Mar 18, 2012 10:43:43 PM Ignore crowefamily1 Report Abuse thats what obuma wants, he needs to force you to buy his hybrid and thats why he wants fuel prices to rise.
TXryder Champion Author Texas Posts:2,709 Points:432,730 Joined:Jan 2012	Message Posted: Mar 18, 2012 10:42:02 PM Ignore TXryder Report Abuse If someone was to assassinate that dictator nut in Iraq, all of these big shot speculators would poop in their pants.
unclearquest1 Sophomore Author St. Louis Posts:114 Points:9,830 Joined:Mar 2007	Message Posted: Mar 18, 2012 10:40:57 PM Ignore unclearquest1 Report Abuse the end is near!!!!!!
sillywagon Champion Author New York Posts:14,883 Points:1,440,370 Joined:Oct 2008	Message Posted: Mar 18, 2012 10:38:07 PM Ignore sillywagon Report Abuse I will be pleasantly surprised if I don't end up paying $5.00 for gasoline sometime this year. That is revolting! How does our economy keep running with transportation costs that high?
mlmeng Champion Author Michigan Posts:1,633 Points:591,020 Joined:Mar 2011	Message Posted: Mar 18, 2012 10:36:48 PM Ignore mlmeng Report Abuse How is the U.S. exporting gasoline - a refined petroleum product?
FuelOilOH Champion Author Cleveland Posts:2,837 Points:1,180,220 Joined:Oct 2007	Message Posted: Mar 18, 2012 10:34:11 PM Ignore FuelOilOH Report Abuse Remember what happened when gasoline spiked a few years ago? Gas stations had to close because the credit card fees took all the profit from the sale. Nothing left to make payroll. Of course 'Bama doesn't understand that because he never even ran a paper route. Now refineries are closing because they can't make money!?!?!? Something is very wrong with this picture. By rights we should have $5 gas or higher now just to insure a steady flow of fuel.
itzagasgasgas1 Champion Author Cincinnati Posts:3,974 Points:1,599,495 Joined:Aug 2005	Message Posted: Mar 18, 2012 10:33:48 PM Ignore itzagasgasgas1 Report Abuse Northeast is really gonna take a beating with the closing of the Sunoco refinery.
cimilluca1 Sophomore Author New York Posts:193 Points:234,425 Joined:Aug 2011	Message Posted: Mar 18, 2012 10:33:10 PM Ignore cimilluca1 Report Abuse Refineries not making any money?? How does that happen?
colaguy Champion Author Columbia Posts:3,171 Points:1,007,225 Joined:Oct 2008	Message Posted: Mar 18, 2012 10:33:06 PM Ignore colaguy Report Abuse relief will come around September - just in time for election season
Chris46 Champion Author Dayton Posts:23,667 Points:2,081,340 Joined:Sep 2005	Message Posted: Mar 18, 2012 10:30:56 PM Ignore Chris46 Report Abuse no relief in sight at the pump, but just inside the doors, is a men's room. That provides some relief.
cateyes8264 Champion Author Tennessee Posts:2,957 Points:642,615 Joined:Jul 2011	Message Posted: Mar 18, 2012 10:29:50 PM Ignore cateyes8264 Report Abuse Same story day after day with no real solution in sight.
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Mar 18, 2012 10:29:40 PM Ignore bicycler Report Abuse Andit will not change unless the 'powers that be' are conyrolled~
Is246 Champion Author Albuquerque Posts:1,013 Points:426,715 Joined:Apr 2011	Message Posted: Mar 18, 2012 10:27:11 PM Ignore Is246 Report Abuse The speculators started this and the refinery owners are ending it.
toadNY Champion Author Albany Posts:7,042 Points:1,513,150 Joined:Apr 2008	Message Posted: Mar 18, 2012 10:25:58 PM Ignore toadNY Report Abuse Who's this obama guy? Time to dump Bush!
lowpet All-Star Author Texas Posts:527 Points:86,915 Joined:Dec 2008	Message Posted: Mar 18, 2012 10:24:11 PM Ignore lowpet Report Abuse That sounds wonderful, how about we shut down the ones in the south too
steben11 Veteran Author Montreal Posts:382 Points:484,215 Joined:May 2011	Message Posted: Mar 18, 2012 10:20:26 PM Ignore steben11 Report Abuse stop speculation
luwachris Champion Author Los Angeles Posts:1,082 Points:224,370 Joined:Jul 2011	Message Posted: Mar 18, 2012 10:18:12 PM Ignore luwachris Report Abuse NO KIDDING!
adgam Champion Author Orange County Posts:2,264 Points:501,020 Joined:Nov 2011	Message Posted: Mar 18, 2012 10:17:12 PM Ignore adgam Report Abuse ok