GasBuddy Blog

Message Forum - Read Message

Category: GasBuddy Official Blog > Topics	Add to favorite topics Post New Topic

Author	Topic: Enbridge pipeline re-opens, refineries receiving oil	Post a Reply Back to Topics

PD Moderator	Message Posted: Sep 17, 2010 12:40:55 PM Ignore PD Report Abuse In a 2pm EDT news conference, Enbridge Energy Partners announced that their 6A pipeline that had ruptured in Romeoville, IL had reopened as of 10am EDT. According to company officials, refiners are again receiving oil from line 6A, as the restart process only takes a few hours. Company officials also disclosed that while line 6A had been closed, Enbridge was attempting to route oil supply though other pipelines to minimize disruptions. Chicago spot prices fell 2-cents today as traders focused on the likely restart, bringing prices in that area to a 7-cent premium to NYMEX and Gulf prices- a huge drop to last week's 30+ cent premium to other areas. In a surprising move, Group 3 spot prices (North/Mid America)... Visit GasBuddy Blog for full article

Moderator

Message Posted: Sep 17, 2010 12:40:55 PM

Ignore PD Report Abuse

In a 2pm EDT news conference, Enbridge Energy Partners announced that their 6A pipeline that had ruptured in Romeoville, IL had reopened as of 10am EDT.

According to company officials, refiners are again receiving oil from line 6A, as the restart process only takes a few hours. Company officials also disclosed that while line 6A had been closed, Enbridge was attempting to route oil supply though other pipelines to minimize disruptions.

Chicago spot prices fell 2-cents today as traders focused on the likely restart, bringing prices in that area to a 7-cent premium to NYMEX and Gulf prices- a huge drop to last week's 30+ cent premium to other areas.

In a surprising move, Group 3 spot prices (North/Mid America)...

Visit GasBuddy Blog for full article

REPLIES (newest first)Ignore Short Messages

First

Next Last

no_monkey2002 Champion Author Tallahassee Posts:8,415 Points:2,070,200 Joined:Mar 2006	Message Posted: Sep 21, 2010 4:55:42 AM Ignore no_monkey2002 Report Abuse gas prices here are still going up UP and away
honda0105 Champion Author Tallahassee Posts:18,609 Points:1,608,545 Joined:Nov 2008	Message Posted: Sep 21, 2010 4:31:23 AM Ignore honda0105 Report Abuse sabob, price DROP don't happen with a boom, price INCREASES do.
sabob Champion Author Pennsylvania Posts:12,490 Points:1,127,295 Joined:Dec 2008	Message Posted: Sep 20, 2010 3:16:13 PM Ignore sabob Report Abuse Didn't notice any big price drop here
POLELANE Champion Author Ohio Posts:7,148 Points:828,370 Joined:Mar 2008	Message Posted: Sep 20, 2010 1:50:58 PM Ignore POLELANE Report Abuse So stand back; gasoline prices are going to drop like never before.
Jeff4U Champion Author Atlanta Posts:8,749 Points:1,851,395 Joined:Nov 2004	Message Posted: Sep 18, 2010 9:57:48 PM Ignore Jeff4U Report Abuse Lower those gas prices!
computernut2008 Champion Author Ohio Posts:6,568 Points:1,349,390 Joined:Oct 2008	Message Posted: Sep 18, 2010 2:11:30 AM Ignore computernut2008 Report Abuse Well lets get the gas price down.
HiGramma Champion Author Michigan Posts:1,815 Points:445,690 Joined:Oct 2008	Message Posted: Sep 17, 2010 11:22:44 PM Ignore HiGramma Report Abuse The prospective price drop is good news in this area hit hard by unemployment and under-employment. It's a shame if Enbridge were incorrectly blamed for the pipe rupture, but that begs the question of why it took them so long to report it? And why was it a utility inspector who discovered it onsite instead of an Enbridge investigator?
52MPG Champion Author Dayton Posts:7,257 Points:1,740,730 Joined:Apr 2006	Message Posted: Sep 17, 2010 11:12:26 PM Ignore 52MPG Report Abuse Good news.
vulcan96 Champion Author Ohio Posts:26,896 Points:3,102,700 Joined:Aug 2004	Message Posted: Sep 17, 2010 10:47:08 PM Ignore vulcan96 Report Abuse i hope they find out what caused the pipeline to break
Number43 Champion Author Lexington Posts:8,692 Points:1,637,195 Joined:Oct 2008	Message Posted: Sep 17, 2010 10:45:47 PM Ignore Number43 Report Abuse More crooked games.
runout9 Champion Author New Jersey Posts:3,240 Points:978,145 Joined:Dec 2008	Message Posted: Sep 17, 2010 10:45:33 PM Ignore runout9 Report Abuse Crude closed today @ $73.66, down $.91. Yippie!
TBONE3 Champion Author Pennsylvania Posts:8,741 Points:1,975,675 Joined:Mar 2005	Message Posted: Sep 17, 2010 10:44:13 PM Ignore TBONE3 Report Abuse Reduction in retail prices are always much smaller and slower coming than when wholesale prices rise - then BANG, right up they go. We should be used to that fact by now. I only hope that one day WE WILL BE ABLE TO TURN ON THEM and give them the shaft.
miamimusic Champion Author Miami Posts:2,141 Points:1,251,105 Joined:Oct 2008	Message Posted: Sep 17, 2010 10:42:51 PM Ignore miamimusic Report Abuse Until next time...
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,626,150 Joined:Jun 2008	Message Posted: Sep 17, 2010 10:36:11 PM Ignore DrCashFlow Report Abuse not likely to make much of a difference at all.
JoeKR Champion Author New Jersey Posts:9,468 Points:1,742,745 Joined:Feb 2006	Message Posted: Sep 17, 2010 10:32:54 PM Ignore JoeKR Report Abuse "While wholesale gasoline prices have come down, retail prices have been slow to follow." Tell us something we don't know!
camel1 Champion Author Minnesota Posts:8,265 Points:2,265,640 Joined:Jul 2006	Message Posted: Sep 17, 2010 10:31:54 PM Ignore camel1 Report Abuse How soon before prices decline to where they belong
HailstormCA Champion Author San Diego Posts:7,850 Points:1,471,045 Joined:Nov 2008	Message Posted: Sep 17, 2010 10:30:53 PM Ignore HailstormCA Report Abuse Prices going down further and faster... ... in your dreams.
HA4CNN Champion Author Toronto Posts:5,619 Points:1,542,415 Joined:Dec 2006	Message Posted: Sep 17, 2010 10:29:38 PM Ignore HA4CNN Report Abuse I hope it helps to bring prices down a little faster.
Scotty99QC Veteran Author Montreal Posts:275 Points:74,950 Joined:Jul 2010	Message Posted: Sep 17, 2010 10:25:45 PM Ignore Scotty99QC Report Abuse Full of bologne .
us4usa Champion Author Missouri Posts:5,984 Points:1,111,375 Joined:May 2008	Message Posted: Sep 17, 2010 10:24:57 PM Ignore us4usa Report Abuse Up 30 cent and FELL 2cent they are just too good to us Still 35 cents higher then last years prices WHY.
Blue_Cruzer Champion Author Lexington Posts:7,515 Points:1,668,610 Joined:Mar 2007	Message Posted: Sep 17, 2010 10:22:21 PM Ignore Blue_Cruzer Report Abuse So what, were still going to be at there mercy.
biza4u Champion Author New Haven Posts:8,518 Points:1,626,925 Joined:Jan 2007	Message Posted: Sep 17, 2010 10:19:01 PM Ignore biza4u Report Abuse Does that mean that prices will go down
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Sep 17, 2010 10:18:44 PM Ignore tedjm1 Report Abuse Does this have a fast pump price change?
CobraLeader Champion Author New Jersey Posts:267,902 Points:1,200,750 Joined:Apr 2007	Message Posted: Sep 17, 2010 10:18:37 PM Ignore CobraLeader Report Abuse ... Does this mean the midwest doesn't get screwed at the pump? ...
Maintroll Champion Author Lexington Posts:8,629 Points:1,702,160 Joined:Aug 2008	Message Posted: Sep 17, 2010 10:15:52 PM Ignore Maintroll Report Abuse Pump prices shouldn't have risen in the first place because there was no loss of oil delivery or volume of oil delivered.
915Chief Champion Author San Antonio Posts:6,091 Points:1,226,295 Joined:Aug 2008	Message Posted: Sep 17, 2010 10:14:58 PM Ignore 915Chief Report Abuse So let's see it reflect at the pump
rxman1 Champion Author Toledo Posts:9,540 Points:1,860,920 Joined:Nov 2007	Message Posted: Sep 17, 2010 10:13:26 PM Ignore rxman1 Report Abuse This is a positive development for the lowering of gas prices.
humblepie Champion Author Toledo Posts:34,179 Points:2,370,395 Joined:Mar 2006	Message Posted: Sep 17, 2010 10:09:16 PM Ignore humblepie Report Abuse im sure stations will lower prices as quickly as they shot up and obama will get re elected.......................
ssect8 Champion Author Hartford Posts:7,989 Points:2,094,045 Joined:Jun 2006	Message Posted: Sep 17, 2010 10:07:10 PM Ignore ssect8 Report Abuse Every little bit helps.
craigsf38 Champion Author Rochester Posts:5,708 Points:1,509,280 Joined:Jun 2008	Message Posted: Sep 17, 2010 10:06:36 PM Ignore craigsf38 Report Abuse the only ones that will be the speculators for thepipeline being open again they will have to short there positions and soon
Focus2 Champion Author Illinois Posts:7,889 Points:1,919,005 Joined:Mar 2006	Message Posted: Sep 17, 2010 10:04:02 PM Ignore Focus2 Report Abuse Prices dropped one penny here today. Isn't that great? Tuesday it may jump back up by 30 cents again.
wbpprint Veteran Author Chicago Posts:278 Points:1,403,850 Joined:Jun 2007	Message Posted: Sep 17, 2010 9:58:23 PM Ignore wbpprint Report Abuse Prices rose 25-30cents per gallon in less than 24 hours, will we see the same decrease by tomorrow?
Jo120 Champion Author Arizona Posts:4,242 Points:1,488,030 Joined:Mar 2005	Message Posted: Sep 17, 2010 9:56:52 PM Ignore Jo120 Report Abuse Retail prices have NEVER followed the wholesale prices unless of course when they went UP.
judgemobile Champion Author Ohio Posts:7,565 Points:2,444,160 Joined:Nov 2005	Message Posted: Sep 17, 2010 9:55:25 PM Ignore judgemobile Report Abuse prices should be right back where they were 7-10 days ago--how long until the greed stops ?
must87searcher Champion Author Maryland Posts:8,972 Points:1,778,500 Joined:Apr 2008	Message Posted: Sep 17, 2010 9:54:15 PM Ignore must87searcher Report Abuse It will take time for this to go to work and cause prices to fall to really be noticed. Here the price is still one the climb.
MRED3 Champion Author Jacksonville Posts:4,005 Points:930,050 Joined:May 2009	Message Posted: Sep 17, 2010 9:44:09 PM Ignore MRED3 Report Abuse No such luck here.
skybiker Champion Author South Carolina Posts:7,292 Points:1,558,540 Joined:Jul 2008	Message Posted: Sep 17, 2010 9:37:29 PM Ignore skybiker Report Abuse It has dropped here in SC 4 cents a gallon today!!
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Sep 17, 2010 9:33:18 PM Ignore mstearno Report Abuse now if prices would just drop
NekoSJG Champion Author San Jose Posts:5,168 Points:974,600 Joined:Jun 2010	Message Posted: Sep 17, 2010 9:28:46 PM Ignore NekoSJG Report Abuse No surprise here - easy fix and lots skilled workers in midwest that make things work. Hope some of those traders took it in the shorts.
Bus936 Champion Author Lexington Posts:16,439 Points:3,219,030 Joined:May 2004	Message Posted: Sep 17, 2010 9:27:58 PM Ignore Bus936 Report Abuse This just goes to prove that there was no reason whatsoever for gasoline prices to jump up by .20-.30 cents per gallon. They just used this leak to their advantage as an excuse to raise the prices at the pumps and steal even more from the consumers. This whole industry should be highly investigated and someone needs to be prosecuted for atrosities such as this.
zeddieiv Champion Author Columbia Posts:5,740 Points:1,504,905 Joined:Oct 2006	Message Posted: Sep 17, 2010 9:19:18 PM Ignore zeddieiv Report Abuse Alright!
WIPACKERFAN Champion Author Chicago Posts:8,799 Points:1,842,475 Joined:Aug 2005	Message Posted: Sep 17, 2010 9:19:11 PM Ignore WIPACKERFAN Report Abuse Since prices went up in the midwest, now they should go down.
EVBuddy Champion Author Nevada Posts:16,685 Points:3,030,620 Joined:Sep 2004	Message Posted: Sep 17, 2010 9:13:29 PM Ignore EVBuddy Report Abuse Almost a nonevent
Lukus Champion Author Halifax Posts:8,278 Points:1,673,555 Joined:Nov 2007	Message Posted: Sep 17, 2010 9:03:04 PM Ignore Lukus Report Abuse Prices went up here as well but they are based on the New York spot market.
OGW Champion Author London Posts:5,324 Points:1,531,150 Joined:Sep 2005	Message Posted: Sep 17, 2010 9:02:02 PM Ignore OGW Report Abuse They actually went up in our area today.
altima2008 Champion Author Philadelphia Posts:8,155 Points:1,736,065 Joined:Apr 2008	Message Posted: Sep 17, 2010 8:59:23 PM Ignore altima2008 Report Abuse Don't expect the prices at the pumps to go down anytime soon!
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Sep 17, 2010 8:55:43 PM Ignore clermont40miles Report Abuse Hallelujah! Good news. Let that crude flow. Drop them prices like a rock. Just like they shot straight up.
RENEGADEGAS Champion Author Missouri Posts:14,906 Points:1,590,250 Joined:Jul 2008	Message Posted: Sep 17, 2010 8:55:34 PM Ignore RENEGADEGAS Report Abuse good
paulydel Champion Author Delaware Posts:8,779 Points:847,450 Joined:Jan 2008	Message Posted: Sep 17, 2010 8:46:26 PM Ignore paulydel Report Abuse And yet they still managed to raise prices.
waynemustang Champion Author Indiana Posts:6,372 Points:1,664,810 Joined:Nov 2006	Message Posted: Sep 17, 2010 8:42:19 PM Ignore waynemustang Report Abuse Very good. Build more refineries.