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Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,

 
acewhole777
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10/05/2012 09:57 AM
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Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
More evidence of the systemic breakdown happening here is California. Gas shortages are happening to LA and is spreading to San Francisco. If you live in California it’s time to stock pile at least one tank’s worth of gas. You may not make it out…

Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps as the state’s oil refiners started rationing supplies and spot prices surged to a record.

Valero Energy Corp. (VLO) stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries to customers. Exxon Mobil Corp. (XOM) is also rationing fuel to U.S. West Coast terminal customers. Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular.

The gasoline shortage “feels like a hurricane to me, but it’s the West Coast,” Jeff Cole, Costco’s vice president of gasoline, said by telephone yesterday. “We’re obviously extremely disheartened that we are unable to do this.

“Costco is a membership warehouse club with a relationship based on trust,” he said. “We’re not delivering what the members asked us to deliver, and that’s not acceptable to us. So we’re doing whatever we can to fix it.”.



Independent gasoline station owners in the Los Angeles area are beginning to shut their pumps because of supply shortages that have driven wholesale fuel prices to record highs.

Low-P, a gasoline station in Calabasas, California, about 30 miles (48 kilometers) west of Los Angeles, stopped selling unleaded gasoline yesterday and ran out of high-octane and medium-octane fuel today, John Ravi, the station’s owner, said by phone. Ravi posted an “Out of Gasoline” sign on each pump and took down the prices outside his shop today, he said.

“I can get gas, but it’s going to cost me $4.90 a gallon, and I can’t sell it here for $5,” Ravi said. “If you come here right now, I’ve got some diesel left. That’s all. My market is open, but no gas.”

Spot, or wholesale, gasoline in Los Angeles has surged 70 cents this week to a premium of $1.15 a gallon versus gasoline futures traded on the New York Mercantile Exchange, data compiled by Bloomberg show. That’s the highest level for the fuel since at least November 2007, when Bloomberg began publishing prices there. On an outright basis, the fuel jumped to $3.9495 a gallon.

A Chevron Corp. oil pipeline shut down last month, an Oct. 1 power failure at Exxon Mobil Corp.’s Torrance refinery and units down at other plants have cut supplies in the market.

Spot California-blend gasoline, or Carbob, in San Francisco surged 26 cents to $1.10 a gallon over futures, also the highest level since at least 2007, at 4:15 p.m. New York time.

‘Not Worth It’

“We’re going to start shutting pumps Friday,” Sam Krikorian, owner of Quality Auto Repair in North Hollywood, said by phone. “Gas is costing me almost $4.75 a gallon with taxes. There’s no sense in staying open. The profit margins are so low it’s not worth it.

But it’s not limited to Los Angeles or San Francisco.

. Now Irvine Ca. has gas stations shutting down as well…

I just talked to the lot guy for Costco that was keeping people out of the gas station, he confirmed my fear.

He told me a few fun facts.

1. The tanks in the station hold 30,000 gallons and auto shut off when the level goes under 1,000 gallons.

2. He told me that multiple Costco’s are out of gas.

3. He told me that two or three refineries are off line and that this could last for 3-6 weeks before they come back on line, he says that they have not told him when gas shipments start showing up again.

It’s hard to find gas in Irvine under $4.60 per gallon. Nearly $5 per gallon for premium and wore in L.A, I heard it was near $6 for Regular. it’s gone up nearly .50 here in 24 hours… at 2pm today it was $4.39 – now at 4pm it’s $4.59 Get your prepin’ done!

Last Edited by acewhole777 on 10/05/2012 10:25 AM
acewhole777 (OP)

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10/05/2012 10:09 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
Average demand for gasoline was at 8.6 mbpd at the end of September, last year it was 8.9 mbpd. For DSO the average demand was at 3.6 mbpd, compared to last year’s 3.8 mbpd.

Media analysts are predicting that the new USEIA data, to be release 05 October, will show an overall decrease in U.S. refined fuel supplies.

Well, if stockpiles and production are steady or actually up in PADD 4 & 5 areas, and demand is slightly down for the country, then why would overall supplies be low?

Blame PADD 1 and 3! Stockpiles and production are crashing on the east coast and in the Gulf states!

At the end of September PADD 1 had 41.1 million barrels of DSO, a 20 million barrel drop from last year’s 61.5 million! Gasoline is at 46.1 million barrels, compared to last year’s 55.3 million barrels!

PADD 3 ended September with 67.4 million barrels of gasoline, last year they had 74.9 million! DSO saw a huge drop, from 50.8 million barrels last year to 37.4 million barrels at the end of September this year!

For such a big drop in stockpiles, PADD 3 averaged DSO production is unchanged from last year, at 2.4 mbpd. PADD 1 DSO production average is down slightly from 0.4 mbpd last year to 0.38 this year.

The same can be said of PADD 1 gasoline production; 2.8 mbpd this year versus 2.9 mbpd last year. Average gasoline production for PADD 3 ended September at 1.8 mbpd, last year it was at 2.1 mbpd, so a big drop there.

This begs the question: Is the western half of the United States being made to pay for shortages that should only be affecting the eastern half of the country?

“I see no reason for this at all. Sounds like a load of rubbish to me!”-Errol Emrich, pissed off California driver

PS: Wholsale/futures/commodity prices for refined fuels ended September 2012 higher. So expect even higher prices at the pump next month! Wish the U.S. petroleum industry a Happy Thanksgiving
chaakin

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10/05/2012 10:12 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
Great Video!! Opened my eyes right up!! /sarcasm clapping
Anonymous Coward
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10/05/2012 10:13 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
vid?
Anonymous Coward
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10/05/2012 10:15 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
Now imagine when food runs out!
Anonymous Coward
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10/05/2012 10:28 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
where the fuck is the video
acewhole777 (OP)

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10/05/2012 10:28 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
The West Coast gas market is in chaos, driving prices to record highs and causing shortages of gasoline and the closing of gas stations. Refinery fires and maintenance have conspired to reduce supplies. Bloomberg News reported that gasoline station owners in the Los Angeles area, including Costco Wholesale Corp. and other unbranded stations, are beginning to shut pumps because of supply shortages that have driven wholesale fuel prices to record highs.

The shortages caused refiner Valero to temporarily halt spot sales in California. While Valero can meet the needs of its branded stations, there is none extra for the independents. This has caused some to pay up or just shut down as they either refuse to pay the price, or just can’t secure supply. With Valero not selling it may be impossible for some to secure supply. The Wall Street Journal says that, "Contracts will be met, but spot sales are being temporarily halted," Valero spokesman Bill Day said. Resumption, "will depend on markets and inventories," he said.

California has been hit with refinery fires, maintenance and leaking pipelines. Chevron Corp.'s 245,000 barrel-a-day refinery in Richmond and Exxon Mobil Corp.'s 149,500 barrel-a-day refinery in Torrance California have been in maintenance against a backdrop of supply that on the West Coast stand at the lowest levels since 2008. There is a particular tightness of California’s summer blend of gasoline. These concerns drove gas prices to a record high average of $4.10 a gallon with many stations charging well over $5.00 a gallon. Trilby Lundberg says that the spike should be temporary and there are signs that things are loosing up with Exxon Torrance coming back on line but that is no comfort to a California driver that is running on empty. Bloomberg says that, "California’s summer-blend fuel requirements are in effect in Southern California until Oct. 31. The Reid Vapor Pressure, or RVP, limits are lifted in other areas of the state as early as Sept. 30
acewhole777 (OP)

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10/05/2012 10:36 AM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
Californians woke up to sticker shock Friday as overnight gasoline prices jumped by up to 20 cents a gallon in some areas, prompting some stations to close and others to charge more than $5 a gallon.

The AAA Daily Fuel Gauge report says the average price of gas across the state was nearly $4.49 a gallon—highest in the nation.

In Southern California, the price jumped 20 cents a gallon to $4.53 in Ventura and 19 cents to nearly $4.54 in the Los Angeles-Long Beach
Anonymous Coward
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11/15/2012 02:18 PM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
More evidence of the systemic breakdown happening here is California. Gas shortages are happening to LA and is spreading to San Francisco. If you live in California it’s time to stock pile at least one tank’s worth of gas. You may not make it out…

Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps as the state’s oil refiners started rationing supplies and spot prices surged to a record.

Valero Energy Corp. (VLO) stopped selling gasoline on the spot, or wholesale, market in Southern California and is allocating deliveries to customers. Exxon Mobil Corp. (XOM) is also rationing fuel to U.S. West Coast terminal customers. Costco’s outlet in Simi Valley, 40 miles (64 kilometers) northwest of Los Angeles, ran out of regular gasoline yesterday and was selling premium fuel at the price of regular.

The gasoline shortage “feels like a hurricane to me, but it’s the West Coast,” Jeff Cole, Costco’s vice president of gasoline, said by telephone yesterday. “We’re obviously extremely disheartened that we are unable to do this.

“Costco is a membership warehouse club with a relationship based on trust,” he said. “We’re not delivering what the members asked us to deliver, and that’s not acceptable to us. So we’re doing whatever we can to fix it.”.



Independent gasoline station owners in the Los Angeles area are beginning to shut their pumps because of supply shortages that have driven wholesale fuel prices to record highs.

Low-P, a gasoline station in Calabasas, California, about 30 miles (48 kilometers) west of Los Angeles, stopped selling unleaded gasoline yesterday and ran out of high-octane and medium-octane fuel today, John Ravi, the station’s owner, said by phone. Ravi posted an “Out of Gasoline” sign on each pump and took down the prices outside his shop today, he said.

“I can get gas, but it’s going to cost me $4.90 a gallon, and I can’t sell it here for $5,” Ravi said. “If you come here right now, I’ve got some diesel left. That’s all. My market is open, but no gas.”

Spot, or wholesale, gasoline in Los Angeles has surged 70 cents this week to a premium of $1.15 a gallon versus gasoline futures traded on the New York Mercantile Exchange, data compiled by Bloomberg show. That’s the highest level for the fuel since at least November 2007, when Bloomberg began publishing prices there. On an outright basis, the fuel jumped to $3.9495 a gallon.

A Chevron Corp. oil pipeline shut down last month, an Oct. 1 power failure at Exxon Mobil Corp.’s Torrance refinery and units down at other plants have cut supplies in the market.

Spot California-blend gasoline, or Carbob, in San Francisco surged 26 cents to $1.10 a gallon over futures, also the highest level since at least 2007, at 4:15 p.m. New York time.

‘Not Worth It’

“We’re going to start shutting pumps Friday,” Sam Krikorian, owner of Quality Auto Repair in North Hollywood, said by phone. “Gas is costing me almost $4.75 a gallon with taxes. There’s no sense in staying open. The profit margins are so low it’s not worth it.

But it’s not limited to Los Angeles or San Francisco.

. Now Irvine Ca. has gas stations shutting down as well…

I just talked to the lot guy for Costco that was keeping people out of the gas station, he confirmed my fear.

He told me a few fun facts.

1. The tanks in the station hold 30,000 gallons and auto shut off when the level goes under 1,000 gallons.

2. He told me that multiple Costco’s are out of gas.

3. He told me that two or three refineries are off line and that this could last for 3-6 weeks before they come back on line, he says that they have not told him when gas shipments start showing up again.

It’s hard to find gas in Irvine under $4.60 per gallon. Nearly $5 per gallon for premium and wore in L.A, I heard it was near $6 for Regular. it’s gone up nearly .50 here in 24 hours… at 2pm today it was $4.39 – now at 4pm it’s $4.59 Get your prepin’ done!
 Quoting: acewhole777
Anonymous Coward
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11/15/2012 02:19 PM
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Re: Welcome To The Collapse, Gas Shortage Begins In California, Gas Stations Closing,
Now imagine when food runs out!
 Quoting: Anonymous Coward 20610884


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