That explosion at the Texas City refinery took out approx. 3% of the entire domestic gasoline inventory (and just in time for the start of driving season, too!).

Better fill up your cars tonight; you know what will happen tomorrow...

 

http://abclocal.go.com/ktrk/news/032...al_txcity.html

 

I just filled up this morning... this sucks, hope everyone in the plant is ok

 

it shook my apartment

 

Other than the unit affected by the blast, the rest of the refinery was running normally, said Stephens, spokesman for BP, formerly British Petroleum.

BP Chief Executive John Browne said the blast would not affect the U.S. gas supply.

"The bulk of the refinery is operating, and operating well," Browne said.

So I doubt the price will be affected that much.

Regards,

Dale

 

Not to doubt my CEO, but I remember three years ago when the Citgo refinery in Lemont, IL had a little incident. They said that the affected unit wouldbe out for six weeks, tops. I think they actually repaired it after about a year...

Given that the markets are mostly trading on psychology and not on the fundamentals at the moment, I wouldn't expect them to say anythng else.

 

yea. hope everyone was ok in that explosion.