refineries

mightynine

Gas Prices Spiking Nationwide After Hurricane Harvey

As it was predicted, so it has come to pass: Days after the country’s largest fuel system temporarily shut down its main lines in the wake of Hurricane Harvey, gas prices around the country are shooting upwards. [More]

Mike Mozart

Hurricane Harvey To Affect Gas Prices Nationwide

As residents of Texas continue to deal with the aftermath of Hurricane Harvey, the effects of the storm are starting to reverberate across the country in the form of higher prices at the gas pump.  [More]

Sears And Kmart Want To Buy Your Gold

Sears And Kmart Want To Buy Your Gold

The next time you want to sell some old gold jewelry, you can just take it to your nearest Kmart or Sears. The retailers have announced a partnership with something called Pro Gold Network, which basically amounts to, “You can pick up a mailer and instructions at our jewelry departments.” Remember, though, that mail-in services almost always pay less than what you can get locally from a jeweler or pawn shop, or by selling to a refinery directly. Here’s what Pro Gold Network will pay so you can compare rates.

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Why Was Gas So Expensive?

Why Was Gas So Expensive?

Did you know that gas price gouging almost never occurs as prices rise? Rather, it’s most often when dealers keep prices artificially high even as their costs fall. As gas costs were near $5 a gallon until falling and oil companies earn around $100 billion each year, it’s a good time to question what really goes into the price of gas. The numbers on the gas station sign hide a complex set of transactions. Before gas can power your car, it must be discovered as crude oil, traverse three markets, and be refined from crude into gas. Inside, we’ll explain the three markets, walk you through the role of refineries, and show how oil companies use creative tactics to manipulate gas prices…

Why Is Gas So Freakin' Expensive?

Why Is Gas So Freakin' Expensive?

Did you know that gas price gouging almost never occurs as prices rise? Rather, it’s most often when dealers keep prices artificially high even as their costs fall.

Gas Companies Profit During Consumer Plight

Gas Companies Profit During Consumer Plight

As quarterly earnings rolled in yesterday, Exxon announced it earned $8 billion in profits. The oil company earned 9.5 cents per dollar of gas, “cashing in on skyrocketing prices at every stage of the process,” reports MSNBC.