Gas to soar over $4 a gallon on West Coast because of yet another refinery emergency

[Divine Discontent]

http://www.washingtonpost.com/national/residents-in-2-n-california-cities-told-to-stay-inside-because-of-fire-at-richmond-refinery/2012/08/06/ea190880-e037-11e1-8d48-2b1243f34c85_story.html

By Associated Press, Published: August 6 | Updated: Tuesday, August 7, 7:42 PM

RICHMOND, Calif. — A major fire at one of the country’s biggest oil refineries that sent hundreds of people to hospitals with complaints of breathing problems will push gas prices above $4 a gallon on the West Coast, analysts said Tuesday.

The fire, which sent plumes of black smoke over the San Francisco Bay area, erupted Monday evening in the massive Chevron refinery about 10 miles northeast of San Francisco. It was out early Tuesday.

The West Coast is particularly vulnerable to spikes in gasoline prices because it’s not well-connected to the refineries along the Gulf Coast, where most of the country’s refining capacity is located, analysts say.

The Chevron refinery is particularly big and important to the West Coast market, said Tom Kloza, chief oil analyst at Oil Price Information Service.

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Can't blame Obama for the problems with the refinery failures in Illinois, and now in California (and the probs firing up months before the election to cause prices to soar are troubling, to say the least), but you know the commercials will be bringing the rising gas in future weeks. This is a rather interesting election because Obama has so many problems he's facing, and Romney is so incredibly unlikable and truly a part of the problem. It's gonna be an ugly 3 months... ugly! But, people hopefully realize bringing in one of the richest men in America whose actions with closing American businesses, hiding his tax returns and offshore tax havens, would be a very bad alternative...




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[No Elephants]

1. Oil infrastructure is tightly limited to keep prices up.

They artificially ensure shortages in the supply, then calmly say, "Pricing is about supply and demand."