Gas Prices Going UP And UP Again…Big Surprise
Posted by: From Arkansas in Are You Kidding Me? on Jul 09 2007
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To no one’s surprise, gas prices are on the rise again. This time the excuse is that a crude unit has been shut down. The problem is that the one unit (410,000 barrel per day) put out more than a refinery does.
BP was the company to shut down the unit. It apparently had a slow leak in the pipes. Those at the plant expect it to resume operations in about a week. However, the unit was not working to capacity for other reasons since March. So, the output was way down anyway. This huge unit shutting down is sure to hurt the lowering of the gas prices and will likely send them upward some more during the next few days.
Those who analyze the situation have been concerned for months that the refining industry in the United States is not producing enough gas to meet peak summer demands. If that does occur and it apparently is doing just that, we are headed into a gas shortage and higher prices at the pump for us unfortunate souls who actually have to use the stuff for our cars.
I really wish we could all decide to boycott the pumps for more than one day. It would send the message to the gas companies who are actually keeping things like this in order to continue to gain profits at our expense.
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