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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Les H who wrote (101569)5/11/2001 3:23:43 PM
From: Les H  Read Replies (1) of 436258
 
Rolling blackouts may hit oil refiners

GET READY FOR THREE-DOLLAR-A-GALLON GASOLINE

With some cities seeing $2-a-gallon gas, some analysts say that gas at
$3-a-gallon can't be far behind. Anyone who has ever visited other countries
comes home realizing what a bargain gasoline is in the States. Well,
according to the industry publication COMTEX, America may soon be playing
catch up.

The main reason that gas may see an incredible rise in its pricing is
dwindling inventories. On the west coast, where last year prices in excess
of $2.30 per gallon in San Diego and San Francisco prompted calls for
regulatory oversight, many refiners point to accidents at production
centers.

At least one refiner now says that if California has rolling power
blackouts this summer refineries may have to limit their operating hours to
protect their equipment, further adding to gas prices.
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