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GasBuddy News Article

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Energy costs, jet fuel drop combine to close refinery

The News Tribune -- FAIRBANKS -- Decreased jet fuel sales in Anchorage were a secondary factor into the decision to shut down a crude oil refining unit at the North Pole Refinery, which will cost 35 to 40 jobs, according to a spokesman for refinery owner Flint Hills Resources.

Jeff Cook told the Fairbanks Daily News Miner that competitors are able to sell jet fuel cheaper to Ted Stevens Anchorage International Airport because it costs them less to produce it.

"We cannot economically compete with refiners who can bring jet fuel into Anchorage refined at other locations with a) cheaper crude, and b) cheaper energy," Cook said.

Besides the job loss, the decision will affect the Alaska Railroad, a spokeswoman said.

Flint Hills sent 36,000 tank cars filled with 800 million gallons of product to Anchorage in it


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Submitted Apr 16, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Energy costs, jet fuel drop combine to close refinery Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,049
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Message Posted: Apr 19, 2012 3:01:45 AM

sadly, Alaskans can't afford buying fuel to fly, which there is like buying gas for your car. With few roads, flying is the only transportation unless one counts a several day long sledding expedition to the nearest food seller.
honda0105
Champion Author Tallahassee

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Message Posted: Apr 19, 2012 3:00:21 AM

HI: you're right about the problem of competition. However, I found lots of stuff was a lot costlier than on the mainland, but even locally produced items were more costly.
HawaiianGuy
Champion Author Idaho

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Message Posted: Apr 17, 2012 3:22:28 PM

The same problem exists in Hawai'i with milk and eggs. There is something very wrong when a product can be shipped 2000 miles and STILL compete favorably with locally grown products.
sparky808
Champion Author Honolulu

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Message Posted: Apr 17, 2012 10:27:30 AM

Thank you for posting.
bikerchicklette
Champion Author Washington

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Message Posted: Apr 17, 2012 7:23:09 AM

interesting
remay
Champion Author Houston

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Message Posted: Apr 17, 2012 5:36:58 AM

ironic...
BartBuzz
Champion Author Atlanta

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Message Posted: Apr 17, 2012 4:53:44 AM

More old posts.
N5EXY
Champion Author Austin

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Message Posted: Apr 16, 2012 10:03:10 PM

I don't buy it.
TIGERPAW46
Champion Author Florida

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Joined:Mar 2004
Message Posted: Apr 16, 2012 9:23:55 PM

Its a vicious circle & it matters not from what source we get our energy; Unless you generate your own Energy from home. The less we use the more per KWH or $/Gal they charge & the less they pump, refine or the more they Export. We can't beat the system unless Gov intervenes as is their responsibility in these cases. They have to plug the holes in the system. Stop Speculators; Stop export of US energy sources, unless we have a true surplus without importing any petroleum products from OPEC. Also increase pumping oil Including Shale.
menagerie1013
Champion Author San Diego

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Message Posted: Apr 16, 2012 9:23:55 PM

Losing jobs is now fun.
granitestater
Champion Author New Hampshire

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Message Posted: Apr 16, 2012 9:14:05 PM

jet fuel is just K1 -- straight kerosene.
frostyWV
Champion Author West Virginia

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Message Posted: Apr 16, 2012 9:12:58 PM

not good news.
VetteBlue
Champion Author San Jose

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Message Posted: Apr 16, 2012 9:11:55 PM

Sad but its real. Deal with it.
CharlieC08
Champion Author Colorado

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Message Posted: Apr 16, 2012 9:10:39 PM

not so good.
joel27nc
Champion Author Raleigh

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Message Posted: Apr 16, 2012 9:09:03 PM

Ouch, hate to see people loose jobs
Ray_10589
Champion Author New York

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Message Posted: Apr 16, 2012 9:08:37 PM

repeat
judgemobile
Champion Author Ohio

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Message Posted: Apr 16, 2012 9:07:15 PM

SHOW ME--at the pump and in lower ticket prices
datapro
Sophomore Author Spokane

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Message Posted: Apr 16, 2012 9:06:44 PM

jet fuel is a lot more expensive than automotive
Dodge_Me
Champion Author Atlanta

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Message Posted: Apr 16, 2012 9:06:29 PM

Flying will be more expensive
yakstar
Champion Author Montreal

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Message Posted: Apr 16, 2012 9:05:25 PM

hmph...
kzrooster
Champion Author Kalamazoo

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Message Posted: Apr 16, 2012 9:05:15 PM

That's sad when they can bring fuel in cheaper than can be refined in state.
jem069
Champion Author Detroit

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Message Posted: Apr 16, 2012 9:05:01 PM

Ok
Blue_Cruzer
Champion Author Lexington

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Message Posted: Apr 16, 2012 9:04:12 PM

More jobs lost.
camel1
Champion Author Minnesota

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Message Posted: Apr 16, 2012 8:56:55 PM

Harsh impact
tippybuddy
Champion Author Ontario

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Message Posted: Apr 16, 2012 8:53:39 PM

ok
jessek
Champion Author Detroit

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Message Posted: Apr 16, 2012 8:51:22 PM

Survival of the fittest...
stueyAZ
Sophomore Author Phoenix

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Message Posted: Apr 16, 2012 8:50:35 PM

Time to sell Alaska to Canada :)
us4usa
Champion Author Missouri

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Message Posted: Apr 16, 2012 8:45:36 PM

No tax dollar bailout...
bevmill
Champion Author Georgia

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Message Posted: Apr 16, 2012 8:44:43 PM

same old story.
DandyDapple
All-Star Author North Dakota

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Message Posted: Apr 16, 2012 8:43:34 PM

It is a just another excuse ...
ByGuy
Champion Author Dallas

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Message Posted: Apr 16, 2012 8:40:31 PM

Local news story.
MDTDriver
Champion Author California

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Message Posted: Apr 16, 2012 8:39:34 PM

IF all gas cars leave the earth, how thousands of jobs will be gone.
tco9436
Champion Author Connecticut

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Message Posted: Apr 16, 2012 8:39:34 PM

Ok
mikaye
Champion Author Cleveland

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Message Posted: Apr 16, 2012 8:39:19 PM

any excuse to lower supply
1Casey
Champion Author Albany

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Message Posted: Apr 16, 2012 8:38:50 PM

Easy excuse,
abcdMA
Champion Author Worcester

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Message Posted: Apr 16, 2012 8:38:24 PM

free market in action
WinderGuy
Champion Author Georgia

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Message Posted: Apr 16, 2012 8:30:01 PM

Ok
davenles
Champion Author Texas

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Message Posted: Apr 16, 2012 8:27:13 PM

Effects of a free market. Some will lose, others gain.
Vitobug
Champion Author El Paso

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Message Posted: Apr 16, 2012 8:23:45 PM

ok
ShudBWalking
Champion Author Kitchener-Waterloo

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Message Posted: Apr 16, 2012 8:23:03 PM

moderation and fair pricing is the only way to solve
serrog
Champion Author Nova Scotia

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Message Posted: Apr 16, 2012 8:20:54 PM

Greed rules again
DeeLA
Champion Author Los Angeles

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Message Posted: Apr 16, 2012 8:20:49 PM

Too bad.
us4usa
Champion Author Missouri

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Message Posted: Apr 16, 2012 8:18:26 PM

Refineries that run on natural gas pay around $2 per million British thermal units. Flint Hills pays $20 to $21 per million Btu because it does not have an inexpensive and ready supply of natural gas and must instead burn oil, Cook said.

Maybe they need Solar and wind on their roofs???

No just sink or swim...
HYEgasCA
Champion Author Fresno

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Message Posted: Apr 16, 2012 8:15:57 PM

Avatar Bob!! You have NO idea what your talking about!!
Chris46
Champion Author Dayton

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Message Posted: Apr 16, 2012 8:15:07 PM

Make it a Dairy Queen. Keep the people.
blazerbob91
Champion Author Milwaukee

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Message Posted: Apr 16, 2012 8:14:43 PM

Sounds like manipulation.
LQQKGAS
Champion Author Phoenix

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Joined:Oct 2009
Message Posted: Apr 16, 2012 8:14:26 PM


Big oil is already in govt pockets, greed and corruption at all levels.

[Edited by: LQQKGAS at 4/16/2012 11:17:15 PM EST]
pgerassi
Champion Author Milwaukee

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Message Posted: Apr 16, 2012 8:14:16 PM

Shipping costs less than refining locally.
Aviator_Rob
Champion Author New York

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Message Posted: Apr 16, 2012 8:13:51 PM

gmcgas, it's not funny math just because you don't understand economics.
Aviator_Rob
Champion Author New York

Posts:7,470
Points:1,174,350
Joined:Mar 2012
Message Posted: Apr 16, 2012 8:11:21 PM

Seriously DEG, how much more hands-off do you want the government to be? How exactly is the government impeding the oil companies? The government is already in Big Oil's pocket.
CorvairHaven
Champion Author Cleveland

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Message Posted: Apr 16, 2012 8:10:21 PM

Inevitably politics.
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