Fogbow

Jo 🌻 @JoJoFromJerz wrote: HOLY SHIT. Shell has reported profits of $9.5 billion for the third quarter compared to $4.1 billion in the same quarter last year.

But tell me more about how high gas prices are Joe Biden’s fault, won’t you.

FFS.

Ronald Klain @WHCOS wrote: By selling oil from the SPR at $96/barrel, we helped reduce the price of gas when it was at its highest.

Now, by refilling the SPR at today's much lower prices, we turn a profit for the taxpayers.

U.S. oil refiners on Tuesday were working feverishly to resume operations at a dozen facilities knocked offline by a holiday deep freeze, a recovery that in some cases will stretch into January.

An Arctic blast sent temperatures well below freezing and led to power, instrumentation and steam losses at facilities along the U.S. Gulf Coast. The affected plants process about 3.58 million barrels of oil per day, delivering about 20% of U.S. motor fuels.

Refiners had been running near full capacity with strong prices for diesel and other fuels. Retail gasoline prices ticked up along the Gulf Coast this week, but nationwide prices have not been affected by the temporary outages.

Most of the affected plants suffered minor damage. Temperatures fell as low as 17 Fahrenheit (minus 8 Celsius) along the Gulf Coast - freezing some instruments and overwhelming steam and co-generation units at several facilities, according to people familiar with the matter.

2 WORKERS INJURED IN EXXONMOBIL BAYTOWN REFINERY FIRE FILE $10 MILLION LAWSUIT
Tuesday, December 28, 2021

The lawsuit also appears to be giving a glimpse into what happened the day of the fire. Here's what we know.
BAYTOWN, Texas (KTRK) -- Two of the employees injured in a massive fire at ExxonMobil's Baytown refinery on Dec. 23 want $10 million from the company.

The lawsuit claims employees were working to stop a pipe leak.

It says one worker hit the pipe with a wrench, creating a spark, which ignited a flammable gas called Naphthalene.

In total, four workers were hurt.

The two men who filed the lawsuit claim they were forced to jump 20 feet to safety and suffered spinal and head injuries.

The lawsuit claims ExxonMobil did not take appropriate precautions to protect employee safety and did not provide proper safety equipment.

Gas prices could reach $4 by April — 'maybe sooner': Analyst

Ines Ferré·Markets Reporter
Wed, January 25, 2023 at 8:34 PM GMT+1

Get ready for gas prices to rise again going into spring. A gallon of driving fuel could go back above $4, according to GasBuddy petroleum analyst Patrick De Haan.

"It's a question of when, not if. I think something like that could happen by potentially April, maybe sooner," said De Haan.

"I think motorists are going to start getting squeezed more so in late February. The next three weeks could be a bit of a mixed bag," he said.

De Haan points to planned breaks in production at refineries as part of the reason for a rise in prices.

"We have a pretty heavy amount of refinery turnarounds that is going to start here in the next couple of weeks. That is going to lead to a diminished amount of gasoline supply," he said.

"With China reopening you can’t underscore it enough," he said.

"The U.S. economy — when we reopened saw a level of pent up demand," added De Haan. "The same would apply in China. That is likely to chart our course for the next 3-6 weeks."

The national average of retail gasoline is at $3.41 per gallon, compared to $3.10 a month ago, according to AAA.




https://www.yahoo.com/finance/news/gas- ... 27058.html

Driving 100 Miles in an EV Is Now More Expensive Than in an ICE

Ryan Erik King
Thu, January 26, 2023 at 1:00 AM GMT+1

No longer needing to buy gasoline is one of the most convincing selling points for potential electric vehicle customers. It’s easy to conclude that owning an EV and recharging at home is cheaper than using a car powered by an internal combustion engine. The conclusion is correct if a driver switches powertrains between luxury vehicles, like going from a Porsche Macan to an electric Porsche Taycan.

However, a recent report from the Anderson Economic Group (AEG) found that fueling costs from mid-priced ICE-powered vehicles are lower than similarly priced electric vehicles. Combustion drivers pay about $11.29 per 100 miles on the road. EV drivers who charge up at home spend about $11.60 per 100 miles. The price difference is more dramatic for those who mainly recharge at stations. Frequent charging station users pay $14.40 per 100 miles.



https://www.yahoo.com/autos/driving-100 ... 00887.html

W. Kevin Vicklund wrote: ↑Thu Jan 26, 2023 1:41 pm Of course, they include the cost of the charger for the EV, but not the cost of oil changes or other maintenance. An annual $35 oil change would wipe out the difference.

neonzx wrote: ↑Thu Jan 26, 2023 2:01 pm

W. Kevin Vicklund wrote: ↑Thu Jan 26, 2023 1:41 pm Of course, they include the cost of the charger for the EV, but not the cost of oil changes or other maintenance. An annual $35 oil change would wipe out the difference.

Yep. And what is the life span of the batteries in an EV? What is the replacement cost when it comes to that? I've never had to replace a gas tank on a car.

neonzx wrote: ↑Thu Jan 26, 2023 2:01 pm

W. Kevin Vicklund wrote: ↑Thu Jan 26, 2023 1:41 pm Of course, they include the cost of the charger for the EV, but not the cost of oil changes or other maintenance. An annual $35 oil change would wipe out the difference.

Yep. And what is the life span of the batteries in an EV? What is the replacement cost when it comes to that? I've never had to replace a gas tank on a car.