Hey there Seattle folks, you enjoying supplying Canadians cheap Gas and Diesel while paying up the ass?
Oil Thug incompetence costing Truckers dearly in the Northwest:
9-9-2014
http://www.bloomberg.com/news/2014-...t-seasonal-record-amid-upsets.html?cmpid=yhoo
Pacific Northwest Diesel at Seasonal Record Amid Upsets
Diesel in the U.S. Pacific Northwest surged to a seasonal record as exports and refinery upsets, including repairs at
Royal Dutch Shell Plc (RDSA)s plant in Washington state, cut market supplies.
Spot diesel in
Portland, Oregon, a benchmark for the Northwest, has been assessed at 40 cents a gallon above diesel futures traded on the
New York Mercantile Exchange for the past week, its biggest premium since Aug. 20, 2012. Its also the highest level for this time of year since at least 2007, when Bloomberg began compiling prices.
The premium for
diesel in Portland has quadrupled in the past month as traders search for supplies amid inventories that have slid to a 17-year seasonal low across the U.S. West Coast. Shells 145,000-barrel-a-day Anacortes, Washington, plant shut a coker on Sept. 7 that makes light products including diesel and gas oil for further refining, according to Genscape Inc., an energy data company based in Louisville, Kentucky.
They were already short supplies and then Shell happened, Bob Van der Valk, an independent energy analyst in Terry,
Montana, said by telephone.
They were shipping gasoline and diesel up to Canada to help supply that market, and now theyre having to deal with their own shortage in the Pacific Northwest.
Itll all ease up eventually when they start diverting cargoes from other places.