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04-05-2012, 01:34 PM
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#1
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Join Date: Jan 2010
Location: Millstone twp
Posts: 541
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Philly refinery to close, gas price to go up!
http://news.nationalgeographic.com/n...finery20120405
not looking good for the summer cruising season with Sunoco pulling out and that affecting gas prices this summer. 
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04-05-2012, 03:07 PM
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#2
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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before you lose your mind, American oil production is at an all time high. There is no supply issue at all.
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2/20/2013: They Day the ****s Stopped
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04-05-2012, 03:38 PM
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#3
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Join Date: Jan 2010
Location: Millstone twp
Posts: 541
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That is true, we have plenty of crude oil. The issue has been and still is refinery capacity. Crude oil is no good unless it is made into a product that can be consumed. With these refineries being shut down, NJ will have to get its gas from further away refineries which will add to the price (transport costs).
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04-05-2012, 04:01 PM
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#4
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Lord of the rings / 10 Second Club / Meet Coordinator
Join Date: Aug 2004
Location: Millstone Township, NJ
Posts: 6,387
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News of the impending closing is not new. We have a couple guys at my office who took a lay-off package.
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97 T/A Ram Air Convt
Forever dyno queen / 777rwhp 662 rwtq @ 17lbs / 10.2 @ 140
'24 Corvette Z06
'17 Sierra 2500HD Dmax
'17 Lex LS460
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04-05-2012, 04:51 PM
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#5
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
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Quote:
Originally Posted by BigAls87Z28
before you lose your mind, American oil production is at an all time high. There is no supply issue at all.
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gasoline exports are at an all time high too.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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04-05-2012, 09:58 PM
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#6
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Join Date: Jul 2006
Location: unknown
Posts: 2,776
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So your telling me one of those big money making oil companies doesn't have enough profit to buy this place?
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2000 Pewter Trans am, M6, SLP Lid,LS6 intake,Kooks 1 7/8" Long tube header,Classic Chambered Powersticks, hurst,off road X-pipe, Strano springs & Koni's, Monster level 2 clutch, HPtuners wide band tuned and a homemade ram air box sealed off.
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04-05-2012, 10:10 PM
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#7
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Join Date: Dec 2009
Location: milltown
Posts: 1,497
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will the closing of that refinery affect prices of hess gas or other brands?
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2002 Camaro Sunset Orange Mettalic, V6, 5spd, bilstein HD shocks and struts, eibach pro lowering kit, eibach f/r sway bars, lakewood PHB, UMI 2 point subframe connectors, energy suspensions poly master bushing kit
daily econobox and first car
1986 IROC-Z, T56, MGW shifter, Heads, Cam, Holley Stealth Ram 350, t-top, tubular LCA with relo brackets, adjustable PHB, belltech sway bars, ground control weight jacks, SLP mid length headers, 3in w/borla XR1, RIP 3 10 bolts, 12.7 @ 109 so far.. atleast its faster than stock  SOLD
1971 Camaro LS3/T56/9in, cam only and still carbed, RIP 2 10 bolts, 11.62@121
03 Blazer 2 door - salt sponge
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04-05-2012, 11:27 PM
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#8
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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It will, but only because Americans in general don't understand how it works. Less refineries means less oil which means ZOMG NO MORE GAS!!!
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2/20/2013: They Day the ****s Stopped
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04-06-2012, 07:31 AM
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#9
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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And don't forget what happened a few years ago when the hurricanes shut down the gulf refineries and they had a fire out in CA or AZ. The supply disappears very fast which causes a quick run up in prices. We actually needed more refining capacity, not less. So this could have a long term affect for our area.
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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04-06-2012, 07:56 AM
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#10
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Join Date: Jun 2009
Location: NY
Posts: 215
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im sick of gas as it is... probably trading in my yukon this week for a honda civic because of it
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2015 Lexus RX F sport - Red leather and tints lol
2016 Jetta - Turbo Bronx mobile
99 Camaro SS - M6, TT2s, TSP 1 7/8 LTs, TSP ORY, Corsa Catback, Tick Master, SLP Lid, Koni Yellows, BMR lower springs, Tons of UMI stuff
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04-06-2012, 08:16 AM
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#11
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,165
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Quote:
Originally Posted by JL8Jeff
We actually needed more refining capacity, not less. So this could have a long term affect for our area.
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false:
Quote:
Originally Posted by BonzoHansen
gasoline exports are at an all time high too.
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It's all leaving our shores.
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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04-06-2012, 06:22 PM
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#12
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by BonzoHansen
It's all leaving our shores.
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This. We export OUR oil and IMPORT oil from elsewhere which is why the drill baby drill crowd needs to get a clue. It's funny, the media wants to praise the government for having our drilling at the highest point in years yet gas prices are rising(and no that's NOT a shot at Obama so relax there nut-swingers).
I'm no expert nor do I claim to be but from my point of view until oil speculation stops and until it's taken off of the commodities market we're screwed. There is NO justifiable reason for gas to be this high..period...end of discussion. Our politicians on both sides throw out blame, they point the finger and claim the have the "fix", meanwhile we get screwed and they all make $$.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
Last edited by Frosty; 04-06-2012 at 06:23 PM.
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04-06-2012, 07:02 PM
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#13
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Join Date: Jul 2010
Location: Somerset,NJ
Posts: 585
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Could people be pushing for the higher prices to herd people into buying Electric/green vehicles?
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1995 S10 Z85
1999 Firebird Formula
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04-06-2012, 07:15 PM
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#14
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11 Second Club
Join Date: Feb 2008
Location: Edison, NJ
Posts: 4,620
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Quote:
Originally Posted by WiMiMc
Could people be pushing for the higher prices to herd people into buying Electric/green vehicles?
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One reason...
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1999 Z28 Convertible. 6 speed swap, wide cowl hood, full hockey stripes, and a whining 10 bolt.
2008 Sierra Vortec Max. 6.2 swapped, headers, Magnaflow catback, GMPP CAI, NHT optioned tow package.
2006 GTO, 11.48 @ 118.3
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04-06-2012, 07:16 PM
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#15
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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...and the risk of our entire economy? I doubt it...I mean anything is possible but that's quite a big risk.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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04-06-2012, 10:06 PM
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#16
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Quote:
Originally Posted by WiMiMc
Could people be pushing for the higher prices to herd people into buying Electric/green vehicles?
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Many people like the gradual increase of gas prices on both sides of the political spectrum. It is moving faster than it should be. I saw this video the other day that talks about how oil is actually under valued due to the dollar and when you compare the price of a barrel in terms of gold, it is below traditional value.
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2/20/2013: They Day the ****s Stopped
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04-07-2012, 06:39 AM
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#17
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,368
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Ride a bike.
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04-07-2012, 09:37 AM
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#18
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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It's supply and demand. And gas is something that can't really sit around until you're ready to use it. So even if we are at an all time oil production high(which doesn't say anything about gas production) if the demand is too high then the supply drops which causes the price to rise. Add in the increased exports and we need more refining capacity. Then if you have something that shuts down an existing refinery, the other areas can't make up the difference and it goes through the roof. Last year at this time they were predicting summer gas prices of $5 a gallon and that never happened. So if it does happen this year, then something in the equation changed. There was supposed to be a commitee formed by the gov't to prevent the speculation from driving up prices but obviously that was a waste of time and money. But if we end up with a drought this summer, we won't need to use gas to mow our lawns so that might help! 
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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04-07-2012, 10:22 AM
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#19
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Join Date: Jul 2010
Location: Somerset,NJ
Posts: 585
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^^ i was going to mention the speculation. if they even think something is going to go on in the middle east or somewhere, they say there is going to be a shortage when it may not even be the case
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1995 S10 Z85
1999 Firebird Formula
Last edited by WiMiMc; 04-07-2012 at 10:29 AM.
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04-07-2012, 10:37 AM
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#20
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What?
Join Date: Nov 2009
Posts: 411
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haaaaaaaaaaaaaaaaaaa haaaaaaaaaaaaaaaa
 the onley shortish theres going to be is your,, pocketsssssssssss
 leave your ride home for 2weeksss and the prices,
well come,,downnnnnnnnnnnnnnn,playa,ss..  ohhhh yeahh..
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STOP THE ''BITCH IN,  BAAAAD
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THE FAMOUS ONE215-675-8515 ,AND STEVE SPOHN,and j&g-transmisstions,willow grove,pa,215-659-3022,, R.I.P.JOE PRINCE..
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04-07-2012, 05:11 PM
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#21
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by WiMiMc
^^ i was going to mention the speculation. if they even think something is going to go on in the middle east or somewhere, they say there is going to be a shortage when it may not even be the case
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Here's another tidbit, we only get something like 15-17% of our oil from the Middle East...we get most of our oil from Cana-duh and Mexico...or so I've read.
__________________
2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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04-07-2012, 05:28 PM
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#22
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Join Date: Jun 2007
Location: Arm pit of the world... NJ
Posts: 2,677
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Quote:
Originally Posted by Frosty
Here's another tidbit, we only get something like 15-17% of our oil from the Middle East...we get most of our oil from Cana-duh and Mexico...or so I've read.
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Russia too.
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John
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04-08-2012, 08:21 AM
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#23
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Even if we get our oil from under Smash's house, oil companies are still going to sell it to the highest bidder and where the demand is the greatest.
In the US, thanks to a general smartening up of the general public, our demand has gone down for oil.
But places like China or India aren't slowing down or stopping.
__________________
2/20/2013: They Day the ****s Stopped
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04-11-2012, 08:08 PM
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#24
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10 Second Club
Join Date: Dec 2004
Location: Woodstown, NJ
Posts: 702
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we have more then enough crude under our soil to last us a long time, we should refine our own.
side note...its funny how Sunoco is closing refineries claiming "loses" yet are able to sponsor alot of motorsports series
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01 Z06- blown (for now  ) 10.40 @ 140.7
99 M3- NASA #181
00TA- H/C/I= 10.83 @ 130 1.58 493hp/424tq SOLD
www.fquick.com/Demonicbird00
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04-11-2012, 09:29 PM
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#25
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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Quote:
Originally Posted by Demonicbird00
we have more then enough crude under our soil to last us a long time, we should refine our own.
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Shhhhhh! We don't plan on using our own oil until we drain the rest of the world supply first. 
__________________
69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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