is that the rational? and if that is the case what would be different this february from february a year ago? it s totally different. let s talk about hurricane sand deal. out on the east coast of course that set back that refining process back weeks, if not months, if not years. we had a very cold winter in europe. usually we get he can ports from europe. not happening this year. you look on the west coast a few months ago we had a major refinery fire. the refineries that would have gone into maintenance earlier couldn t because they had to keep producing gas hraoefpblt they all went down at the same time. you have another refinery issue down on the texas area on the gulf coast. you have had a nightmare of refining issues. at the same time the price of oil has gone up over $10 a barrel since december, you know, mainly because around the tkpwhraoeb every central bank in the world is printing a lot of money. when that happens it makes oil more valuable.
analysts say refineries are at its lowest level in 20 years in several california facilities. we re also dealing with repairs and maintenance issues. repairs and maintenance issues at the refineries. so crude oil prices are down, plenty of gas in the inventories, but the refineries california refineries were not working at capacity because of repairs and maintenance issues. and so california was getting a giant price spike. the biggest gasoline market in the nation had its prices going way up. they re going down everywhere else, but up in california. that s what we were told. the refineries. but there was no real reason to question it because it s happened before. a chevron refinery in rip monch california, caught fire in 1989. flames shot 100 feet in the air. seven people were injured. gas prices spiked right away and people blamed the fire. the fire slowed supplies to retailers by 25%. gas prices in california went up. refinery goes down, prices go up. march 1999, same refinery. an
were not working at capacity because of repairs and maintenance issues. so california was getting a giant price spike. the biggest gas market had their prices going up. down everywhere else, but up in california. but there was no real reason to question it because it s happened before. a chevron refinery in california caught fire in 1989. flames shot 100 feet in the air. seven people were injured. . gas prices spiked right away and people blamed the fire. the fire slowed supplies to retailers by 25%. gas prices in california went up. refinery goes down, prices go up. march 1999, same refinery. another huge explosion. it was the second refinery fire in the state that month. you guessed it. after that, gas prices went up in california. of course, they did. just this past august, same refinery in california caught on fire. nobody was killed, but people in
but there was no real reason to question it because it s happened before. a chevron refinery in california caught fire in 1989. flames shot 100 feet in the air. seven people were injured. . gas prices spiked right away and people blamed the fire. the fire slowed supplies to retailers by 25%. gas prices in california went up. refinery goes down, prices go up. march 1999, same refinery. another huge explosion. it was the second refinery fire in the state that month. you guessed it. after that, gas prices went up in california. of course, they did. just this past august, same refinery in california caught on fire. nobody was killed, but people in the area were told to stay inside their homes. drivers were told to close their windows. four train stations were shut down. and gas prices went up. you notice a trend here? that one refinery in richmond that has spent the last 25 years
and maintenance issues. repairs and maintenance issues at the refineries. so crude oil prices are down, plenty of gas in the inventories, but the refineries california refineries were not working at capacity because of repairs and maintenance issues and so california was getting a giant price spike. the biggest gasoline market in the nation had its prices going way up. down everywhere else, but up in california. that s what we were told. refineries. but there was no real reason to question it because it s happened before. a chevron refinery in california caught fire in 1989. flames shot 100 feet in the air. seven people were injured. gas prices spiked right away and people blamed the fire. the fire slowed supplies to retailers by 25%. gas prices in california went up. refinery goes down, prices go up. march 1999, same refinery. another huge explosion. it was the second refinery fire in the state that month. you guessed it. after that conflagration gas