Page 3 - Refinery Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Potentially in the $30 a barrel range, at a 6 year low, we haven't 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 seeing $2.65. some parts of the country are seeing higher than that because of refinery problems. gas pr...

>> 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, we're 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, let's say, in this generation. so we're going to see some settlements of world oil prices, but relative to the rest of the world, we've got better p...

Prices of any summer on record. and there are a few reasons why. first of all, there's 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 there's always concern that the turmoil that was in egypt could spread to other countries. this has scooped the market, increased the price of oil. >> gas prices could rise another 10 cents in the next few we...

Michigan, wisconsin. and indiana. refinery problems pinched supplies there. >> ford motor company has made a major decision about the dashboard designs after widespread complaints. ford's 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 critics are pointing out that they're needlessly complex. >> boy, oh, boy, are they. facebook question of...

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. average price a gallon is $3.67. up 7 cents from a week ago. minnesota drivers are paying the most $4....