Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (9381)	4/30/2001 2:53:36 PM
From: Original Mad Dog	Read Replies (2) \| Respond to of 15481

another TOS refinery fire this weekend, this time in Ill. siliconinvestor.com Illinois has only five oil refineries, since one was permanently closed a couple of months ago. The one shut down due to the fire is one of the largest ones. Before the fire, gasoline here has been retailing for $1.90 to $2.10 per gallon in the burbs and over $2 in Chicago. I fully expect to see it go much higher in the near term, and stay high in the summer driving season. Too early to tell the impact, but clearly it will not be good. Here's an article on the latest fire: Midwest cash gasoline soars after refinery blaze NEW YORK, April 30 (Reuters) - U.S. Midwest cash gasoline values surged Monday after a key Illinois refinery was forced to partially shut down after a weekend fire, traders said. Chicago prompt regular gasoline surged nearly 12 cents to $1.35 a gallon, while Group Three product gained nearly 11 cents to $1.29 a gallon, dealers said. Tosco Corp (NYSE:TOS) was forced to shut a 100,000 barrel per day (bpd) crude distillation unit at its 295,000 bpd Wood River, Ill. refinery after a blaze Saturday. The company said the unit would be down for two weeks and the refinery's total output would be cut in half during that period. Despite the size of the fire, which had local fire crews working for more than 12 hours, no one was injured. The outage heightened fears of gasoline supply shortages in the Midwest this summer, since inventories are already well-below last year's razor-thin levels. U.S. retail gasoline prices have surged 20 cents above their year-ago levels to $1.63 a gallon, according to the American Automobile Association (AAA), with pump prices already over $2 a gallon in some Midwest cities.