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Katrina could raise gas prices?


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See what the manual says, but it's probably ok. But, expect a reduction in gas mileage as the engine management system adjusts several sub-systems to run under less-than-optimum combustion efficiency.

 

BTW, if you drive, say, 20K per year and average 20 mpg with that rapid vehicle, then

 

20,000 miles/20 mpg = 1,000 gal. X $0.20 price per gal. difference for hi-test = $200 per year divided by 52 weeks = $3.84 per week.

 

Not much per week, and you will get less milage by using 87 RON.

 

Personally, I'd stay with the specified octane...

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Very sensible post!

 

Hasn't the price spiked up by about a dollar in the past year?

 

Still very affordable... We just need to drop all the non-essential things in life and heck 5 buck a gallon wouldn't hurt?

 

Drop things out of the family budget like internet, cell phone, cable/sat TV... Sunday Package, and sat radio and we will be just fine!

 

:lol::lol:

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Heard on local news here that a local guy can create gas fuel at about 5 cents a gallon using chicken. Not just chiecken waste but also chicken parts that are usually thrown away. He demonstrated the gas running a generator, mower and other equipment. However his lab was recently closed by local Cary police since the other people in the area were complaining of the stench created. Amazing that this guy has invented this mechanism and created the refinement process etc and is being shut down. Something smells rotten in NC and its not that chicken he is cooking.

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Per Economy.com

 

Before Hurricane Katrina hit the Louisiana coast with 145-mph winds, it shut down crude oil and natural gas production in the Gulf of Mexico for an as-yet unknown length of time. Furthermore, a significant proportion of the nation’s refining, storage and transportation infrastructure exists in the area, concentrated in Louisiana, which bore the brunt of the storm. The potential impact on the nation’s energy supplies is enormous.

 

Operations in the Gulf of Mexico account for approximately one-third of the nation’s oil and natural gas production. The three states in Katrina’s path, Louisiana, Mississippi and Alabama, are home to 24 petroleum refineries with a combined daily capacity of 3.3 million barrels. Of these facilities, 16 are on or very near the coast, exposing them not only to the force of the storm, but to subsequent flooding that could keep them closed for an extended period of time.

 

Prior to making landfall, an estimated one million barrels of refining capacity in the Gulf was shut down. More closings pushed capacity closures to an estimated two million barrels by Monday afternoon. In addition to concerns about offshore rigs, the Louisiana Offshore Oil Platform (LOOP), the largest U.S. oil import terminal was the focus of attention. Damage to that facility could severely curtail imports for an extended period of time, exacerbating persistently elevated oil prices. Sixty percent of oil imports come through the Gulf of Mexico. More than one-quarter of the nation’s oil passes through coastal Louisiana alone.

 

Prices of crude oil spiked to nearly $71 per barrel Monday morning shortly after the storm made landfall, but receded to below $68 by midday, suggesting that damage to Gulf platforms and rigs was minimal and that production could resume once crews can return to them. Oil traders and analysts suggested that prices would stabilize until damage to drilling platforms and refineries in the area was reported. The fact that it edged down suggests that speculators are being about as optimistic as possible, given the circumstances. Reliable information is not expected until at least Wednesday morning. In the event of damage to oil rigs, the Strategic Petroleum Reserve could be dipped into, as it was following Hurricane Ivan last year. Such an action could provide short-term stabilization of oil markets.

 

Even with minimal disruption to oil and natural gas production, prices of refined products could still see substantial upside movements if terminals, pipelines, refineries and/or storage facilities are affected. Damage anywhere along distribution channels could have serious consequences. As the storm was still raging in the area, gasoline prices traded up 12% and heating oil jumped 7%.

 

OPEC is reportedly ready to fill the void of any lost oil production, but also indicated that it would wait to see what refinery damage, if any, exists. If refinery capacity is significantly curtailed, thereby reducing demand for crude, the cartel is not likely to sell more oil and drive its prices down.

 

Henry Hub, the pricing point for natural gas, closed Sunday in advance of the storm. Futures prices rose sharply early Monday, but by the afternoon, Henry Hub was reopened, reportedly avoiding major damage from the storm. However, until assessments can be made of rigs in the Gulf, the impacts on natural gas supplies will be unknown. Katrina’s path was through the heart of the natural gas producing region.

 

Energy markets are surprisingly calm as they await solid information on the impact of Katrina to production, refining, storage and distribution infrastructure that is vital to the nation. So far, the small amount of information trickling in suggests that damage to key components of the supply and distribution channels have not been severely damaged. If fortune is indeed with us, impacts on energy markets will be short-term in nature.

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Heard on local news here that a local guy can create gas fuel at about 5 cents a gallon using chicken.  Not just chiecken waste but also chicken parts that are usually thrown away.  He demonstrated the gas running a generator, mower and other equipment.  However his lab was recently closed by local Cary police since the other people in the area were complaining of the stench created.  Amazing that this guy has invented this mechanism and created the refinement process etc and is being shut down.  Something smells rotten in NC and its not that chicken he is cooking.

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That may be gas as in the gaseous form and not gasoline. Fuel from bio waste is being researched heavily and is implemented in several developing economies (India, China) for several years now. Basically, you take the waste, decompose it to form methane which is a gas that can be used to cook and power stuff like generators. The waste is sealed in a proper 'fermentor' so the stench does not get out. Don't go seeing conspiracy theories where there aren't any. :lol:

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Anyway, anyone know a good place to get my Flux-Capacitor fixed? Midas is asking way too much.

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Is it a first generation? There is this wacky old guy named Doc Brown over in Hill Valley who may have some old parts laying around.

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There's nothing new about using cow pies, other manure, or peat bogs for energy sources. But the effort to obtain combustible gas from them is considerable, like fuel cell technology that needs hydrogen but uses fossil fuel or considerable amounts of electricity to produce the hydrogen - plus a large infrastructure and hydrogen embrittlement and leakage problem, the necessity for spherical containment, etc.

 

There's a chimera in alternative fuels... :lol:

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That may be gas as in the gaseous form and not gasoline. Fuel from bio waste is being researched heavily and is implemented in several developing economies (India, China) for several years now. Basically, you take the waste, decompose it to form methane which is a gas that can be used to cook and power stuff like generators. The waste is sealed in a proper 'fermentor' so the stench does not get out. Don't go seeing conspiracy theories where there aren't any.  :lol:

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No this guy wasnt creating methane to fuel anything he was pouring the fuel into gas tank of a lawn mower and compressor. Unforutnately the local news didnt spend alot of time except to show us the compressor and tells us that he has been sut down since the local residents complained of the odor.

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No this guy wasnt creating methane to fuel anything he was pouring the fuel into gas tank of a lawn mower and compressor.    Unforutnately the local news didnt spend alot of time except to show us the compressor and tells us that he has been sut down since the local residents complained of the odor.

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My chemical engineering background says he is the one that is stinking and not the stuff he is pouring in the tank.

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Gas prices have been so high out here in the Bay Area for years, there isn't too much room to go before we get to the point where the dissatisfied rumbling makes people take action. We haven't reached the serious pain level yet. Too many wealthy people can still afford $3.30 a gallon out here.

Gas prices nationally have been so artificially propped up for the past few months that there isn't too much farther to go up now that something has really happened to cause a spike.

If you want to hurt the oil companies, you don't pick one day and not buy gas, that makes no sense. You pick one specific company and boycott them. Like Chevron or Shell and then go out of your way not to buy gas from them. If one company feels the pain they will squeal and the industry as a whole will react.

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If you want to hurt the oil companies, you don't pick one day and not buy gas, that makes no sense. You pick one specific company and boycott them. Like Chevron or Shell and then go out of your way not to buy gas from them. If one company feels the pain they will squeal and the industry as a whole will react.

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Or, when BP and Exxon run low on supplies, the boycotted company will just sell their excess product to them...and you end up pumping Shell gasoline anyway, just from Exxon stations. :rolleyes:

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Or, when BP and Exxon run low on supplies, the boycotted company will just sell their excess product to them...and you end up pumping Shell gasoline anyway, just from Exxon stations.  :rolleyes:

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Just get a hybrid and say goodbye to oil company slavery altogether. You know they were not pleased when that article came out talking about how someone converted their hybrid to get 230 mpg.

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Just get a hybrid and say goodbye to oil company slavery altogether. You know they were not pleased when that article came out talking about how someone converted their hybrid to get 230 mpg.

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Link? Sounds interesting.

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Per Economy.com about an hour ago:

 

The front-month [crude oil] contract had added $3 to trade at $70.20 on Nymex a few moments ago. The contract had previously marked a fresh record high of $70.85. Meanwhile, efforts are underway to assess the damage caused by Hurricane Katrina. Concerns are focused particularly on the vast system of pipelines that are used to pump crude oil ashore. According to the US Mineral Management Service, some 91.7% of total crude production has been shut down resulting in a total loss in output of some 1.38 million barrels per day.

 

Traders have also been concerned about refined product prices as the hurricane has forced the closure of refineries along the Gulf coast. As a result of refinery downtime, unleaded gasoline for September delivery reached a record $2.36 on Nymex earlier today before retreating slightly. The contract was trading $2.34 a few moments ago. Spot prices were significantly higher as traders are trying to acquire physical gasoline. Meanwhile, September heating oil contracts were trading up some 12 cents to reach a new record high of $2.03.

 

Natural gas prices followed crude higher as well. Katrina shut down about 83% of natural gas production in the Gulf of Mexico, prompting natural gas futures to soar. As a result, natural gas for October delivery at the Henry Hub was up 56 cents a few moments ago at $11.70 per million Btu.

 

It remains unclear when production of crude oil and natural gas in the Gulf will resume and how long it will take to repair the damaged oil infrastructure. Thus, it could take weeks to restore output to the level before the storm. Just as pressing is the need to restart refining operations. Refineries were operating at full capacity to meet strong demand for refined products and the shut-down of much needed capacity will continue to be felt in markets. While the loss in crude oil production could be compensated by loans from the Strategic Petroleum release or increased sales by OPEC, the lack of refining capacity, which has already driven prices for refined products sharply higher, is potentially a much more serious problem.

 

The next few days will be spent assessing the damage caused by Katrina, but until markets get a better picture of the actual damage, uncertainty about the state of the energy infrastructure in the Gulf will keep energy prices at record levels. Risk adverse investors as well as businesses that need physical oil and gasoline will continue to bid up prices.

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Hmmm..chemE and questions about octane?...no wonder with the exception of the U.S.  chemE's are considered the technicians that work for the chemists (like me).  :rolleyes:

 

Have at me - I deserve it. ;)

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actually, i moved off to biomedical engineering in grad school...but my PhD will still be in CE

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