Posted by RN on March 04, 2015 at 11:41:32 from (66.188.143.138):
In Reply to: Fuel prices posted by Eldon (WA) on March 04, 2015 at 09:29:05:
Market flucuates depending on various factors not just price of crude- one is seasonal demand for different blends and lead time to switch requiring refinery maintenance and resetting. End of winter light, volatile blends of gasoline and diesel needs a couple weeks worth of rotating refinery changeover toward end of winter like in March. Refinery capacity can be reduced in a niche market by natural disaster like Katrina shutdown around gulf coast a few years back--and one niche market problem right now is the Southern California market with it's refinery fire/disaster/shutdown drawing fuel stocks from other markets. Market predictions for summer well prices vary from $25.00/barrel to $65.00/barrel depending on Middle East situation, Saudi political will, Venuzuela politics, Nigerian election, China economy and demand filled by Russian oil and American business and politicians election ideas-- and coin toss just before media deadlines. The Low Church Old Order Amish are probably laughing at English right now. RN
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