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Look Who's Paying $3.25 | Oil Watchdog

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Look Who's Paying $3.25

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Thu, Aug 30, 2007 at 5:30 pm

    Look Who's Paying $3.25

    08-30-07 by dugan

     

     

    A refinery in Montana goes down for maintenance, and pump prices in North Dakota shoot upward to
    $3.249 in major towns. The state is now hoping for rescue from Canada. It’s the
    mini-example of what happened across the nation in May: a refining
    industry that can’t or won’t produce enough gasoline to keep prices
    from spiking, and reaps profit from shortage.

    Here’s an earlier story from
    the local Bismarck radio station explaining the problem. There’s a
    refinery in Mandan, North Dakota, that could be taking up the slack,
    but "the majority of their gas is shipped out of state." Say what?
    Imagine the price they’re getting on the portion that they do sell in
    North Dakota. 

    The whole Midwest is seeing prices around $3.00
    and it’s about to get worse, with refineries going down Sept. 1 for
    maintenance. Why all at once? As Deep Throat kept saying, "Follow the
    money."

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