Skip navigation
Watchlist Sponsored By :


Current DateTime: 12:23:32 25 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.

  • Smartphone Guide

      Here's a need-to-know guide to nine devices, based on features, price, network and platform.

  • Wines for the Holidays

      Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES


Current DateTime: 12:23:32 25 Nov 2009
LinksList Documentid: 33793611
  • A Healthier & Wealthier You

      Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.

  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?


Current DateTime: 12:23:32 25 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
Pipeline Work Choking Off Fuel Supplies to Midwest
Topics:Energy
Sectors:Oil and Gas
By: Reuters | 30 Aug 2007 | 02:47 PM ET
Text Size

Oil Pipeline
Regional refinery work and pipeline repairs are choking off fuel supplies to the U.S. Midwest, triggering a spike in gasoline prices, traders and fuel dealers said Thursday.

The latest disruption came from the Explorer Pipeline, which traders said was cutting fuel throughput rates by up to 8 percent to the Midwest for several months due to maintenance.

The slowdown comes after a string of refinery problems in the Gulf Coast and Midwest over the summer forced the Magellan products pipeline, the biggest fuel pipeline in the region, to reduce deliveries to some markets.

U.S. regulators granted North Dakota, one of the state's hardest hit by the fuel crunch, a waiver to import Canadian gasoline that does not meet summer tailpipe emission limits to help alleviate the shortage.

"We've been battling issues here since late June, early July," said Mike Rud, president North Dakota Petroleum Marketers, adding gasoline prices in the state were up 30 cents a gallon over the last week. "Since the mid-part of June, supply has been very spotty at the terminals in the eastern part of the state."

Gasoline differentials in the Chicago region, which reflect wholesale prices, jumped five cents in early Thursday activity due to refinery and pipeline maintenance, traders said.

Additional support came from an expected heavy slate of autumn refinery work that could further slash regional production.

Supplies to states in the Northcentral region were also expected to fall due to planned maintenance at Marathon and Flint Hills refineries in Minneapolis and at Murphy Oil's Wisconsin plant.

BP had already cut runs by 170,000 barrels per day (bpd) at its Whiting, Indiana, refinery due to an April fire and full rates were not expected until next year.

An unusually large number of refinery outages this year has drained U.S. product inventories and helped push the average retail pump prices in the world's top energy consumer to a record $3.227 a gallon in May.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Remember when auto shows were major events where new models could generate buzz?
  • Swine Flu Needle
  • CNBC’s Mike Huckman visits a cutting-edge plant to see how the flu vaccine of the future is being made.
  • People who bottle up their anger at work are up to five times more likely to suffer a heart attack, a study found.
  • Playboy Logo
  • Playboy will outsource its publishing operations in a bid to become profitable again.
  • A new McDonald's in Manhattan is the nation's first to sport a sleek, chic interior imported from stores in London and Paris.
  • For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
ADD COMMENTS
Remaining characters


Current DateTime: 03:14:50 24 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 12:00:49 24 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:59:27 24 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 12:00:49 24 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters