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Thursday, September 22, 2005

My Rita Prediction: $4 per Gallon Gasoline

According to the statistics on this site, Petroleum Profile: Texas, 3.4 million barrels of gasoline per day, or 74% of Texas' refining capacity, will potentially be affected by Hurricane Rita:

  • Age Refining, Inc. (San Antonio @ 10,308 BCD)
  • Alon USA LP (Big Spring @ 61,000 BCD)
  • BP Products North America, Inc. (Texas City @ 437,000 BCD)
  • Citgo Refining & Chemical Inc. (Corpus Christi @ 156,000 BCD)
  • ConocoPhillips (Borger @ 146,000 BCD)
  • ConocoPhillips (Sweeny @ 229,000 BCD)
  • Crown Central Petroleum Corp. (Pasadena @ 100,000 BCD)
  • Deer Park Refining LTD Ptnrshp (Deer Park @ 333,700 BCD)
  • Dow Haltermann Products (Channelview @ -0- BCD*) *880 BCD Idle on 1/1/05
  • ExxonMobil Refining & Supply Co. (Baytown @ 557,000 BCD)
  • ExxonMobil Refining & Supply Co. (Beaumont @ 348,500 BCD)
  • Flint Hills Resources LP (Corpus Christi @ 288,126 BCD)
  • La Gloria Oil & Gas Co. (Tyler @ 55,000 BCD)
  • Lyondell Citgo Refining Co. LTD (Houston @ 270,200 BCD)
  • Marathon Ashland Petroeum LLC (Texas City @ 72,000 BCD)
  • Motiva Enterprises LLC (Port Arthur @ 285,000 BCD)
  • Premcor Refining Group Inc. (Port Arthur @ 255,000 BCD)
  • South Hampton Refining Co. (Silsbee @ -0- BCD*) *Asphalt plant
  • Total Petrochemicals Inc (Port Arthur @ 233,500 BCD)
  • Trigeant LTD (Corpus Christi @ -0- BCD*) *Downstream capacity only
  • Valero Energy Corp. (Sunray @ 158,327 BCD)
  • Valero Energy Corp. (Three Rivers @ 90,000 BCD)
  • Valero Refining Co. Texas (Corpus Christi @ 142,000 BCD)
  • Valero Refining Co. Texas (Houston @ 83,000 BCD)
  • Valero Refining Co. Texas (Texas City @ 209,950 BCD)
  • Western Refining Co. LP (El Paso @ 107,000 BCD)

posted by Oskar Austegard at 9/22/2005 10:00:00 AM

4 Comments:

  • Could be, but even with the impact from Katrina there is significant lag (month or two) between production capacity and price at the pump. I'm sure Bushie will dip into the strategic reserve again for his sort of home state.

    Theo

    By Anonymous Anonymous, at Thursday, September 22, 2005 6:47:00 PM  

  • What - do you live on the opposite side of the globe or something? ;-)

    Gas prices spiked by 85 cents and more in the mid-atlantic region within just a few days after Katrina hit, due to immediate shortages and speculation of a longer-lasting supply shock. Prices are still not back down to the "good old days" of around $2.65 per gallon for regular - you have to go out of your way to find prices much below $3.00.

    But the way it's looking tonight, only 4 of the refineries listed above might be directly impacted, though of course there are a slew of refineries in South-West Louisiana that didn't make it on my list.

    I'll settle for us getting back up around $3.50.

    By Blogger Oskar Austegard, at Thursday, September 22, 2005 8:01:00 PM  

  • And here's what's on the Louisiana side of the border: Petroleum Profile: Louisiana

    By Blogger Oskar Austegard, at Friday, September 23, 2005 2:29:00 PM  

  • Well, we got lucky this time. No major damage (relative to Katrina): a graphic is available here

    By Blogger Oskar Austegard, at Monday, September 26, 2005 8:09:00 AM  

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