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GasBuddy News Article


California refiners throttle diesel production
Thursday, May 22, 2008
Central Valley Business Times -- With pump prices for diesel fuel at all-time highs, California refineries curtailed production of the fuel last week, the California Energy Commission reported Wednesday.

There were 1,896,000 barrels of diesel refined that met the clean-burning standards of the California Air Resources Board (CARB) for the week ended May 16. The amount was 22.1 percent less than the previous week and 3.7 percent less than was refined during the comparable week in 2007, the commission said.

Gasoline production increased 8.7 percent from the previous week to 7,196,000 barrels of CARB gasoline. The total was 6.1 percent more than a year earlier.


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JT
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Message Posted: 5/22/2008 9:46:11 AM  Ignore JT Report Abuse
Thursday, May 22, 2008
Central Valley Business Times -- With pump prices for diesel fuel at all-time highs, California refineries curtailed production of the fuel last week, the California Energy Commission reported Wednesday.

There were 1,896,000 barrels of diesel refined that met the clean-burning standards of the California Air Resources Board (CARB) for the week ended May 16. The amount was 22.1 percent less than the previous week and 3.7 percent less than was refined during the comparable week in 2007, the commission said.

Gasoline production increased 8.7 percent from the previous week to 7,196,000 barrels of CARB gasoline. The total was 6.1 percent more than a year earlier.

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REPLIES (newest first) Page:  First Prev [ 1 ] 2 3 4 Next Last
POLELANE
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Ohio

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Message Posted: 5/27/2008 8:41:37 AM  Ignore POLELANE Report Abuse
planting season underway; and i don't see any hybrid tractors in the fields; few lpg; mostly diesels
PathfinderSC
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South Carolina

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Message Posted: 5/26/2008 12:33:53 PM  Ignore PathfinderSC Report Abuse
Let the trucks stop for a couple weeks , and see how fast something will break ( beside us )
BlueBike
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San Jose

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Message Posted: 5/24/2008 10:02:13 PM  Ignore BlueBike Report Abuse
This is why supply and demand no longer works.
kanmandoo
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Detroit

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Message Posted: 5/23/2008 1:36:36 PM  Ignore kanmandoo Report Abuse
Less supply, more demand = higher prices.
pgerassi
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Wisconsin

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Message Posted: 5/23/2008 1:27:18 PM  Ignore pgerassi Report Abuse
They will have a big shock soon, diesel inventories don't drop with the cutback. And gasoline inventories skyrocket, cutting production there too. It will be the lowest gas selling Memorial Day weekend in many a year.
ncdiesel
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North Carolina

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Message Posted: 5/23/2008 1:18:49 PM  Ignore ncdiesel Report Abuse
We cut back on driving and they still stick it to us.
NinaGA
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Atlanta

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Message Posted: 5/23/2008 1:18:13 PM  Ignore NinaGA Report Abuse
Anything to keep profits up. We MUST come up with Alternatives. This is an artificial bubble created by corporate greed and fear mongering.
eddmac
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Washington

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Message Posted: 5/23/2008 12:09:18 PM  Ignore eddmac Report Abuse
If lost faith, American oil companies and ?


[Edited by: eddmac at 5/23/2008 1:13:12 PM EST]
NissanGirl
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Oregon

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Message Posted: 5/23/2008 9:59:20 AM  Ignore NissanGirl Report Abuse
Especially since there are a lot of truckers that still need that diesel.
kmgaslooker
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Long Island

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Message Posted: 5/23/2008 9:55:37 AM  Ignore kmgaslooker Report Abuse
Why would they reduce the amount of Diesel at these prices?
fluffysue
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New Jersey

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Message Posted: 5/23/2008 9:55:34 AM  Ignore fluffysue Report Abuse
What happened, did they want to make sure there was a supply problem, so they can "justify" pointing to supply and demand as the reason for the high prices?
frede2
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Texas

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Message Posted: 5/23/2008 9:54:54 AM  Ignore frede2 Report Abuse
Oh, yeah, throttle back production and go up on the price even more because of a "shortage". They are already charging close to $5 a gallon for diesel and it costs less to produce than gas. Of course, the 18-wheelers use diesel and if they have to pay more, those that don't go out of business have to pass the additional costs along and the price of everything else goes up and up and up and so on and so on.
Don20
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Oklahoma City

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Message Posted: 5/23/2008 9:46:44 AM  Ignore Don20 Report Abuse
Now they are working on Diesel, I guess they need to run it up a little more.
w4kh
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Riverside

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Message Posted: 5/23/2008 9:44:46 AM  Ignore w4kh Report Abuse
Diesel was $4.99, $5.05 and $5.05 at the three stations I reported that sell diesel... I believe I'd be looking for better efficiency if I drove a diesel - I am looking for better mileage than the 30 I get now
rustyOR
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Oregon

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Message Posted: 5/23/2008 9:43:45 AM  Ignore rustyOR Report Abuse
It's always California's fault. But we have always known that California has lots of faults.
FuelGrinch
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Kansas

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Message Posted: 5/23/2008 9:42:37 AM  Ignore FuelGrinch Report Abuse
The way the game is played is as follows:
demand is up - production is up = profit is up
demand is down - production is down = profit is still KEPT up.
Either way THEY WIN.
SJS
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Los Angeles

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Message Posted: 5/23/2008 9:41:12 AM  Ignore SJS Report Abuse
almost $5 a gallon in my area
KO292
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Twin Cities

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Message Posted: 5/23/2008 9:40:50 AM  Ignore KO292 Report Abuse
not good
EarlyMoose
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Seattle

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Message Posted: 5/23/2008 9:38:29 AM  Ignore EarlyMoose Report Abuse
throttle,I reased the article and still disagree.
tomok
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Portland

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Message Posted: 5/23/2008 9:37:55 AM  Ignore tomok Report Abuse
Cutting the production of diesel just does not make sense.
Driving a high MPG diesel is much better than driving a high MPG gasoline vehicle. Even though diesel prices are much higher than gasoline.
Yeeessssch!
Produce more and many different alternative fuels using NON FOOD sources.
There are many lands alternative plants can be grown on that food crops cannot. Algae is a good source of bio oil for diesel or other refined products.
Limit the import of OPEC oil.
throttle
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Maryland

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Message Posted: 5/23/2008 9:35:23 AM  Ignore throttle Report Abuse
Guys, reas the article. Inventory is staying constant and that's the important thing.
wild3bill
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New York

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Message Posted: 5/23/2008 9:35:16 AM  Ignore wild3bill Report Abuse
FTC needs to investigate for violation of the Sherman Anti-trust Act.
gasman50
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Portland

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Message Posted: 5/23/2008 9:34:06 AM  Ignore gasman50 Report Abuse
Diesel prices are soooooooooooo bad!
Masercal
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Michigan

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Message Posted: 5/23/2008 9:30:35 AM  Ignore Masercal Report Abuse
Must be their profit margins are not as astronomical as they have been because consumers are cutting back. Shucks!
funandtrvl
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Illinois

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Message Posted: 5/23/2008 9:29:57 AM  Ignore funandtrvl Report Abuse
This is terrible.
duriarte
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Utah

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Message Posted: 5/23/2008 9:27:59 AM  Ignore duriarte Report Abuse
Typical politician, say your going to do something but don't say how or when.
fairchildd
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Kansas City

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Message Posted: 5/23/2008 9:27:34 AM  Ignore fairchildd Report Abuse
well, either they aren't selling it at those prices, or they want to restrict product so the price continues to rise. Or both...
ledoy
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Dayton

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Message Posted: 5/23/2008 9:26:12 AM  Ignore ledoy Report Abuse
ok
mrpc90
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Illinois

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Message Posted: 5/23/2008 9:25:05 AM  Ignore mrpc90 Report Abuse
Still waiting for Nancy Pelosi's "common sense" plan (that she announced in 2006) to correct these prices...

Gas back then was around $2.69... now it is $4.09.

Come on Nancy. Please start sharing what your plan is. We're all waiting....
mmene
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Houston

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Message Posted: 5/23/2008 9:24:03 AM  Ignore mmene Report Abuse
The article does not discuss the reasons at all, just the fact that they cut production. I wonder why. Probably because unit profits were higher on diesel.
Mooseman1
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Manitoba

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Message Posted: 5/23/2008 9:23:37 AM  Ignore Mooseman1 Report Abuse
How often has that happened? Diesel costs more than gas.

MASHBY
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South Carolina

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Message Posted: 5/23/2008 9:22:10 AM  Ignore MASHBY Report Abuse
the price of diesel is outragous
blazerbob91
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Milwaukee

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Message Posted: 5/23/2008 9:21:31 AM  Ignore blazerbob91 Report Abuse
Drive the price of diesel even higher.
duriarte
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Utah

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Message Posted: 5/23/2008 9:21:28 AM  Ignore duriarte Report Abuse
How is it that it cost less to produce diesel, but it cost the consumer more?
laddyboy62
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Riverside

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Message Posted: 5/23/2008 9:21:21 AM  Ignore laddyboy62 Report Abuse
slapping it to us
greywolves
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Las Vegas

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Message Posted: 5/23/2008 9:20:28 AM  Ignore greywolves Report Abuse
suprise!! suckers.
MightyDude
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Minnesota

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Message Posted: 5/23/2008 9:19:00 AM  Ignore MightyDude Report Abuse
duh
praises7
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Twin Cities

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Message Posted: 5/23/2008 9:18:49 AM  Ignore praises7 Report Abuse
Playing games!
_angel35_
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Michigan

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Message Posted: 5/23/2008 9:17:41 AM  Ignore _angel35_ Report Abuse
can any1 say 'God complex'?
gaspricesinsc
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South Carolina

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Message Posted: 5/23/2008 9:15:39 AM  Ignore gaspricesinsc Report Abuse
They need to stop!!!!!
SpruceGuse2
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Michigan

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Message Posted: 5/23/2008 9:15:37 AM  Ignore SpruceGuse2 Report Abuse
They are playing with our livelihood and loving it.
CyanSquirrel
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Virginia

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Message Posted: 5/23/2008 9:12:28 AM  Ignore CyanSquirrel Report Abuse
It won't help. Too little too late.
RdHogg
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Houston

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Message Posted: 5/23/2008 9:11:13 AM  Ignore RdHogg Report Abuse
double crap
RdHogg
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Houston

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Message Posted: 5/23/2008 9:09:20 AM  Ignore RdHogg Report Abuse
crap
Ramaniac
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St. Louis

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Message Posted: 5/23/2008 9:07:54 AM  Ignore Ramaniac Report Abuse
I wonder what the new standards will be. Now that they have figured out how to meet the CARB standards. I look for them to make them so high, it will be impossible to refine and keep the cost low.
CruisinLinda
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Tallahassee

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Message Posted: 5/23/2008 9:06:22 AM  Ignore CruisinLinda Report Abuse
Why are Californnia refiners cutting back on diesel fuel by 22 per cent? That is going to have to drive up the price for truck drivers even more? And we will pay it through produce prices.
gatj1025
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Georgia

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Message Posted: 5/23/2008 9:06:18 AM  Ignore gatj1025 Report Abuse
That's right - diesel prices are at an all time high so let's refine LESS! Are these people stupid?
tobasco
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Los Angeles

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Message Posted: 5/23/2008 9:05:23 AM  Ignore tobasco Report Abuse
I just saw $5.07/gal...Wow!
NavyEOD
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Los Angeles

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Message Posted: 5/23/2008 8:54:25 AM  Ignore NavyEOD Report Abuse
They do what ever they want.
RandyK9
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London

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Message Posted: 5/23/2008 8:53:06 AM  Ignore RandyK9 Report Abuse
Ok
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