Thursday, February 21, 2008

Fuel Prices, Sky High.



The Alon (formerly Fina) petroleum refinery in Big Springs, TX caught fire at the beginning of the week. The plant opened in 1929 and has numerous close calls on being shut down. Over the past 15+ years the refinery has been scavenging for parts trying to keep pace with larger more modern competitors with larger capacities on the Gulf Coast. Luckily this incident injured 4 and sent 1 worker to the hospital for burns. What this equates to is higher fuel prices because this area gets a large portion from this plant. Diesel is currently $3.50 a gallon and gasoline is $3.09 for 86 octane.

1 comment:

Raven said...

I paid $3.09 for 87 octane today.