Gas prices on the rise?

[392cobra]

Originally Posted by joyridin'

It isn't refineries...

I and others disagree.

Gas prices rise, and refinery closures loom - Los Angeles Times

Gas prices rise, and refinery closures loom
California's average price for a gallon of regular gasoline climbs to $3.741, and refinery closures could further boost prices in the eastern U.S. this year, the Energy Department says.

January 31, 2012|By Ronald D. White, Los Angeles Times
Gasoline prices, already at record levels for January, rose again over the last week, the Energy Department said. But that wasn't necessarily the worst news about the continuing strain on motorists' wallets: Refinery closures were setting up the eastern half of the nation for more price increases later this year.


Phil Weiss, senior analyst for energy for New York-based Argus Research, said the refinery closings were part of an industrywide move to reduce exposure to low-profit refinery operations. But the practical effect was to leave U.S. motorists with little or no supply cushion should any other refineries have to close because of mishaps or disasters.