Denver Post File Photo Here's a gift to stick in your tank:
Market highlights Irving refinery outage a warning Consumers were given a scare this week when the Irving refinery in New Brunswick was faced with a shutdown due to an explosion and fire that caused minor injuries, but thankfully, no loss of life.
The fact that the refinery was already in a partial shutdown mode for routine maintenance also alleviated some fears over any shortage that could have resulted in the markets of Atlantic Canada and the U.
However, there may be some possible issues if the refinery has to close for any extended period of time in the event of extensive repairs. The closure of the refinery that supplies most of the Maritimes and the U. S northeast also serves as a warning on what could happen if reciprocal sales arrangements that lead to the future closure of any more refineries is allowed to occur.
The same could be said for the need for another refinery to service the region of Atlantic Canada to protect consumers and industry from any further cuts of supply. Certainly if our energy security is to be held at risk of such a possibility. November 4th Sanctions are due to kick in fully against Iran three weeks from now as pressure mounts on other countries to curtail imports of Iranian crude.
The policy of sanctions by the U. Venezuela has also experienced a further drop in production as its economy faces almost total collapse and inflation runs amuck. IEA warns of high oil price damage The International Energy Agency is also putting out a note and a call to OPEC to immediately increase production before high oil prices start to cause economic damage.Dec 03, · Prices in Michigan continue to drop to the point that the state is home to some of the cheapest gas in the nation as some stations are selling a gallon for .
Crude oil prices make up 71 percent of the price of timberdesignmag.com rest of what you pay at the pump depends on refinery and distribution costs, corporate profits, and federal timberdesignmag.com costs remain stable, so that the daily change in the price of gasoline accurately reflects oil price fluctuations.
High oil prices are what make gas prices so high. Texas is among the states leading a decline in gas prices, along with Oklahoma, Missouri, South Carolina and Louisiana.
For the past eight weeks, prices have dropped in the Dallas – Fort Worth area. Colorado's average gas price this week fell to the lowest point it's been at all year — $ per gallon as of Friday afternoon, AAA Colorado reports.
The national average is $ per gallon. The low prices come at the end of a year where most Coloradans were paying more at the pump than they've grown accustomed to over the past four years.
Oct 23, · Gas prices drop.
YOUNGSTOWN. Gas prices in Northeast Ohio dropped nine cents this week to an average price of $ per gallon, according to AAA East Central’s gas price report. the holiday travel season comes as gas prices drop again here in pennsylvania. aaa says prices are down 6-cents from last week to an average $ a gallon.
we did a check of prices around the state.