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Valero suspends gasoline sales in California spot market

Home Forums Refining Community Refinery News Valero suspends gasoline sales in California spot market

This topic contains 1 reply, has 2 voices, and was last updated by  Charles Randall 9 years ago.

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  • #1801

    4 drums coker
    Participant

    Valero, the largest US refiner, took the unusual step after a series of shutdowns at Richmond and other refineries. Valero said it will meet its current contracts to supply gasoline, but won’t sell into the spot market. Spokesman Bill Day said resumption of spot sales “will depend on markets and inventories.”  http://www.hydrocarbonprocessing.com/Article/3099104/Latest-News/Valero-suspends-spot-gasoline-sales-in-California.html 
     
    Paul Orlowski

  • #4578

    Charles Randall
    Participant

    Paul,
    This article picks out Valero & used them as point on article but takes while developing real reason for gas spike & Refineries moves. Hydrocarbon Process Mag should know better!
     
    Try “Calif Gas Prices Spike due Regulations” @ this link : http://www.nctimes.com/business/edd84760-3164-5b83-b69b-7a2284212d67.html
     
    Turns out that Calif mandate to go to higher specs on winter gasoline has plants tied up making it for switch at time when several plants have operation problems or are down on postphoned turnarounds.
    And make it worse they wont let them sell any Winter Spec gasoline until Nov 1 which might help problem. So…. ALL Major Refiners are holding what summer production they have for thier Own stations leaving all independents in bind (like Costco). BUT ITS LIBERAL POLITICIANS/EPA/REGULATIONS that caused this not greedy refiners that is same old line they try push.
    Charlie

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