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BP's Cherry Point refinery fire causes west coast price spike

GasBuddy Blog -- For a while all the bad news about refinery problems seemed to be contained to the northeast. Not any more...

This weekend a major fire that started Friday at the BP Cherry Point Refinery in Blaine, Washington has left the refinery unable to take in its daily intake capacity (230,000 barrels per day), much of which arrives from Alaska. Approximately 90 percent of the crude oil refined there emerges as transport fuels making it the largest marketer of gasoline and jet fuel on the West Coast.

Local media report that a key link called a "crude vacuum distillation unit" was so badly burned that BP experts, as of today, had not yet approached it to assess the damage.

KPSP Local2 News said the fire has...


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Submitted Feb 20, 2012 By: PD
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Author Topic: BP's Cherry Point refinery fire causes west coast price spike Back to Topics
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elaine3085
Rookie Author Washington

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Message Posted: Feb 26, 2012 5:09:36 PM

this is a bigger problem than people are seeing, the country is already struggling and now imagine that the gas prices go up as so does grocery, well it's only a matter of time before people can't even make it to work because we charge so much for gas, ouch time to start improvising :walking and hello bus.. this sucks!
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honda0105
Champion Author Tallahassee

Posts:22,943
Points:2,215,740
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Message Posted: Feb 24, 2012 5:03:22 AM

the problem with all refineries is that maintenance costs a lot and that eats into profits. So, the hope is, nothing will happen. Well, as BP shows again, Murphy's Law strikes frequently...
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honda0105
Champion Author Tallahassee

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Message Posted: Feb 24, 2012 5:02:10 AM

awww.. just ahead of the "trial of the century" BP makes headlines again. And not positive ones either.
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Duke69
Champion Author Raleigh

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Message Posted: Feb 23, 2012 1:40:58 AM

Great
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Tehbob
Champion Author California

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Message Posted: Feb 21, 2012 5:12:14 PM

havent we had enough of BP?
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numbers
Champion Author North Dakota

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Message Posted: Feb 21, 2012 6:11:51 AM

Great
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tomok
Champion Author Portland

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Message Posted: Feb 21, 2012 2:12:12 AM

Any refinery ‘problem’ or fire is Not good news for a ‘west coast price spike.’
Refineries have been reducing production of fuel to raise the price of fuel at the pump and wholesale gas prices are spiking all along the West Coast. But prices were ‘spiking’ before this fire happened! The left coast will be paying LA fuel prices before this is over!
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using ‘other’ forms of transportation or car pool to lower your cost for transportation.
The price of fuel at the pump is too high!
12/22/2012!
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edgarCA
Champion Author Oakland

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Message Posted: Feb 21, 2012 1:02:50 AM

1) How does this explain the rest of the Nation's gas price increase?

2) This fire erupting just in the beginning of the holiday weekend is very coincidental, almost intentional.

3) If this is a BP refinery, then how come Arco (which is part of BP) still had (on avg.) the lowest prices per octane in the market?
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ammamama13
Rookie Author California

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Message Posted: Feb 20, 2012 11:25:07 PM

and the prices just keep rising.....
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emptypockets2008
Champion Author Michigan

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Message Posted: Feb 20, 2012 11:18:02 PM

OK, OK
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RNCII
Champion Author Michigan

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Message Posted: Feb 20, 2012 11:12:07 PM

It will take a few days to cool down enough to see if it is repairable or not.
This refinery was built 1971 and it is one of the newest refineries in the US. Maybe we should build a few new ones so the impact of shutting one down for maintenance or fire, flood is more manageable.
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tampacrvdriver
Champion Author Tampa

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Message Posted: Feb 20, 2012 11:01:40 PM

Not good.
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Ticoman54
Champion Author Miami

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Message Posted: Feb 20, 2012 10:59:59 PM

OK
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bonzoonfmb
Champion Author Florida

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Message Posted: Feb 20, 2012 10:57:00 PM

Just another refinery trying to get federal money.
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ravenclaw_29
Rookie Author Oakland

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Message Posted: Feb 20, 2012 10:53:28 PM

OK
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abacus44
Champion Author Toms River

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Message Posted: Feb 20, 2012 10:51:34 PM

Shyte happens.
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carman11
Champion Author North Carolina

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Message Posted: Feb 20, 2012 10:47:39 PM

OK
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Akcamper
Veteran Author Tucson

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Message Posted: Feb 20, 2012 10:40:27 PM

screwed again!
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tidalwave3
Champion Author Tallahassee

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Message Posted: Feb 20, 2012 10:38:37 PM

I don't believe we need to build more refineries, just quit shuting the ones we have down :(
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bif65
Champion Author Virginia

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Message Posted: Feb 20, 2012 10:38:26 PM

ok
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lasriog
Veteran Author Texas

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Message Posted: Feb 20, 2012 10:35:25 PM

One reason they will not build new refineries now because there has been excess capacity for the past year, which is why they export gasoline and diesel
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goldrose1
Champion Author Cleveland

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Message Posted: Feb 20, 2012 10:35:04 PM

Wonder what will have to be maintained, as well, and how long it will take to get parts. That is if they aren't too cheap.
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Dodge_Me
Champion Author Atlanta

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Message Posted: Feb 20, 2012 10:32:53 PM

Ouch, sucks to live in the west
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us4usa
Champion Author Missouri

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Message Posted: Feb 20, 2012 10:31:25 PM

Why would big oil build a new refinery??? They make record profits with the old ones and then one goes down they make even more profit... So why would they ever build another one, the more down time the higher the prices with less work???
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suzmar
Champion Author Texas

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Message Posted: Feb 20, 2012 10:26:57 PM

It is almost impossible to get anything built with the EPA in charge, much less a refinery.
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mstearno
Champion Author Dayton

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Message Posted: Feb 20, 2012 10:26:44 PM

good for them
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chrisg55
Rookie Author Indiana

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Message Posted: Feb 20, 2012 10:26:32 PM

Another reason to raise gas prices..The stealing of our money never stops with these people
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PoohMcGoo
Champion Author Alabama

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Message Posted: Feb 20, 2012 10:25:22 PM

Bunch of forces coming together to give us high gas prices, and a new president..
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must87searcher
Champion Author Maryland

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Message Posted: Feb 20, 2012 10:23:43 PM

Sounds as if we are going to feal some more heat during these next couple of months, and it is not just going to come from the temperature.
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MidNJ
Champion Author New Jersey

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Message Posted: Feb 20, 2012 10:23:32 PM

Seems that this article has generated some bad comments about President Obama.

However, remember that "Obomabad" was coined at least 2 years ago by - MidNJ!
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skyking19
Champion Author Little Rock

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Message Posted: Feb 20, 2012 10:22:38 PM

Sure
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KhelbenArunson
Champion Author Michigan

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Message Posted: Feb 20, 2012 10:22:06 PM

This is pure spin and nothing else.
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OGW
Champion Author London

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Message Posted: Feb 20, 2012 10:21:19 PM

Just a scam by Wall Street investors to steal more with their investment.
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sit
Champion Author Cleveland

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Message Posted: Feb 20, 2012 10:20:37 PM

OK
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chrisg55
Rookie Author Indiana

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Message Posted: Feb 20, 2012 10:14:06 PM

Refinery was built in 1971, and it one of the newest in the US..Proves what a scam these oil companys are running...Just sucking in profits, and no investment for the future..You can bet that if oil prices ever get low enough, the big oil companies will cry that the refineries are too old and it will takes years to construct new ones, thus driving up gas prices...These people are nothing but crooks.
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crowefamily1
All-Star Author Texas

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Message Posted: Feb 20, 2012 10:12:21 PM

If Obuma had left well enough alone the oil pipe line would be half way done and they would have began moveing it to a new locations.
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danol43
Champion Author Modesto

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Message Posted: Feb 20, 2012 10:08:47 PM

Like they need an excuse to raise prices some more.
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JCS319
Champion Author Tacoma

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Message Posted: Feb 20, 2012 10:06:36 PM

And since I live just down I-5 from Cherry Point, I'm already feeling it. :(
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carrollcreek
Champion Author Minnesota

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Message Posted: Feb 20, 2012 10:06:15 PM

They do seem to run these businesses differently then other businesses. We do need to build newer refineries. I would think that we would have better technology then 30 year old technology.
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blazerbob91
Champion Author Milwaukee

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Message Posted: Feb 20, 2012 10:05:54 PM

Quick raise all prices.
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ribowhntr
Rookie Author Rhode Island

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Message Posted: Feb 20, 2012 10:05:35 PM

it figures, when people say it cant get any worse....it does
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abcdMA
Champion Author Worcester

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Message Posted: Feb 20, 2012 10:02:17 PM

why not!
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toadNY
Champion Author Albany

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Message Posted: Feb 20, 2012 10:02:02 PM

When was the last refinery build in the USA? Long time ago, time for some new ones. An we can't blame BP as much as environmentalists!
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pse91
All-Star Author Calgary

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Message Posted: Feb 20, 2012 10:00:28 PM

This sounds like greed here we come. If one piece of equipment is the difference between operating or not. Then there should be a second unit in place so when this one is down for maintenance the entire line does not have to shut down. Seems to be a bit hoakem.
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ih8op3c
All-Star Author Kentucky

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Message Posted: Feb 20, 2012 9:57:49 PM

Bad just keeps getting worse
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onegiraffeAL
Champion Author Alabama

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Message Posted: Feb 20, 2012 9:57:03 PM

Frisk Nobama for matches.
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jamieg2012
Veteran Author Sioux Falls

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Message Posted: Feb 20, 2012 9:56:58 PM

look at their history -

seems bp is the place to work if you want to commit suicide and make it look like a accident
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granitestater
Champion Author New Hampshire

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Message Posted: Feb 20, 2012 9:52:51 PM

Try to replace this unit without interference from enviromental groups...
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KrsnaDragon
Champion Author Montreal

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Message Posted: Feb 20, 2012 9:48:31 PM

LOL! What scapegoat will be blamed for causing the fire?
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RonTheRunner77
Veteran Author Michigan

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Message Posted: Feb 20, 2012 9:45:10 PM

I find it odd that if a refinery goes down prices go up, can't the others increase production.
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