Page 2 - Refinery Problems News Today

Potentially in the $30 a barrel range, at a 6 year low, we havent seen oil trade this low since fight of the financial collapse. what is this about? supply and demand, hitting record levels of supply output, saudi arabia, u.s. supply still gunning, going on strong and that demand issue, summer driving season coming to an end and china economic slowdown, oil prices have been coming down. the other talk on wall street is we could see $2 a gallon for gasoline by christmas time. already we are seein...

>> tom klaas is an expert. nice to see you, tom. tensions in the middle east, demand for gas, refinery problems. is there a simple way to explain why gas prices are rising when we are flush with oil and gas in this country? >> well, were part of the world, and we do have to privilege numbers in terms of cheaper crude than the rest of the world, but there are a billion people elsewhere in developing countries that are moving into the middle class, lets say, in this generation. so were going to se...

Prices of any summer on record. and there are a few reasons why. first of all, theres a lot of demand for gas right now. second, there are some refinery problems in parts of country and third, crude oil just costs a lot right now partly because of problems in the middle east, specifically in egypt. >> egypt is not a major oil producer but the suez canal goes right through the country and theres always concern that the turmoil that was in egypt could spread to other countries. this has scooped th...

Michigan, wisconsin. and indiana. refinery problems pinched supplies there. >> ford motor company has made a major decision about the dashboard designs after widespread complaints. fords touch screens which control the radio, climate control and functions have been trouble prone according to reliability surveys. the automaker is bringing back old-fashioned knobs, buttons, dials. a top ford executive tells "the "wall street journal" that the high tech systems have been a selling point, but critic...

Jodi arias expected to address a phoenix jury today in the death penalty phase of her trial in the brutal murder of her boyfriend. defense attorneys tried to quit after the judge rejected their motion for a mistrial. a character witness for arias, withdrew from testifying, saying her life was being threatened. an ex-boyfriend of arias was supposed to testify on her behalf, but the defense now says only arias will speak. memorial day weekend approaching. drivers can expect higher gas prices. av...

Most, $4.28 a gallon. prices there jumped 44 cents in the past week due to refinery problems. were are going to return to our top story in just a moment. >> well show you the desperate scene at one elementary school hit so hard. our affiliate reporters was there at a crucial time.

Like or that we want to use. we want to be ready. and thats smart. >> interesting to part out, senator marco rubio gave the republican rebuttal to the state of the union. he saw what was leaked and called the plan half baked and seriously flawed. political analysts think nothing will get done unless rubio is on board. he blasted the presidents plan over the weekend. so where this goes from here should be very interesting. >> interesting to see where we go. drivers are paying record high prices...

California still has the highest prices in the u.s., but refinery problems there have cleared up. oil prices are also falling. thats some good news. >> we like that. not so much of that these days. heres your monday forecast. more than a foot of snow in sierra nevadas. up to 10 inches in the cascades. northern rockies. rain in lower elevations, seattle to san francisco. thunderstorms from minneapolis, green bay, chicago, st. louis, and dallas. >> 80s from dallas to miami. 60s in the northeast....

Now infected in at least seven states, tennessee, virginia, maryland, florida, north carolina, indiana and now michigan. and five people dead so far from the bacterial infection tied to steroid shots made maya specialty pharmacy in massachusetts. the product recalled. more headlines 30 minutes away. and now back to bulls and bears only on fox. >> here is a history breaking number thats breaking our pocket books. gas prices are on track to close at a record high for the year and consumers are get...

Pretrial publicity. they want tho know how it was leaked. >> gretchen: a field team -- if seal team 6 didnt kill osama bin laden, president obama would have put him on trial. thats the revelation in a new book called "the finish." it says president obama planned to hold a criminal trial in federal court if he was captured. the book says he penalty due process and rule of law would be our best weapon against al-qaeda. >> steve: need gas? good luck if you live in california. many gas stations ther...