Speaking of gas...does anyone know where QT gets their gas?

[2QUIK6]

I've seen several emails lately about not buying gas from stations that are foreign owned or buy foreign oil.
Valero was on that was almost all American owned and bought very little foreign oil.
Shell I think is both foreign owned and most of their oil is purchased outside America.

Anyone know where or what oil company QT (Quick Trip) gets its gas from??

 

[UNGN]

They get their gas from American refineries, but where the oil comes from who knows.

Over 40% of oil refined in the US comes from US sources, so there is a good chance at least 40% of the oil came from the US.

1/2 of the US oil Production comes from Texas and the gulf, so roughly 20% of the oil is local.

 

[Eticket]

Rob, This must be a Fort Worth only posting.

I'm not sure that 40% of oil refined in the US is from the US.. but UNGN (can't remember your name!) is right for the most part.

US refinieries are contrained by the type of oil they CAN run and what it costs to bring that oil to the refiniery. On the flip side, different gas retailers can buy from just about any gasoline commerical rack.. Sometimes, the "formula" is mixed in dedicated tankage, sometimes it's mixed at the station.. and I think sometimes, it's mixed on the trucks in route. For example Valero can buy some generic 93 (within a spec) and mix any of their own additives when they get to the store.

With the exception of Citgo (PDVSA and maybe others).. not buying from a "company that buys foreign oil" is just plain silly. All buy oil from just about anywhere.. unless you are a little refiniery that gets a specific crude.. let's say someone next to the north border that runs Canadian stuff...etc..etc..

Yes. I work for a refinery now.. go figure.

 

[2QUIK6]

I see what you're saying John that all the imported oil could be all processed together with domestic oil...so the end results origin would be a mixture of many oils at any given refinery. There is only a hand full of refineries or refinery companies anyway. But.. Shell is a 100% foreign owned company, owned by Saudis, so why would I want to support a foreign company that suposedly purchases no domestic oil when there's many others that are 100% American owned such as Valero?

 

[Eticket]

Rob, Shell - it's a large publicly owned company, probably owned mostly by pension funds here and in Europe. The Saudis have Saudi Aramco - which I think is MUCH larger than shell.

Yes, you can choose not to buy from a company like Citgo who is PDVSA. I like this example because it definitely is foreigned owned by a single entity. However, I will tell you that amazingly enough, the retail outlet itself doesn't matter that much. Most of the "oil" money is made by pulling it out of the ground, then by traders and refiners (wholesalers) as they move product around. The retail is the ultimate offload to the consuming public.

Therefore.. hypothetically let's say everyone stops buying from Citgo (and they have).. if PDVSA continues to move gasoline into the US, then it may be bought in "unbranded" form to supply moms and pops and you guessed it.. anyone with a fuel shortage. UNLESS there are trade sanctions that prohibit this. Remember, that refining foreign oil is only one picture. We do IMPORT a bunch of finished gasoline everyday.

Stop importing the fuel and the gasoline prices will go even higher.

Sorry.. On your first question.. there's probably no way to know where QuikTrip buys their gas. They are probably on a term supply agreement with multiple refinieries. or they might just buy on the spot rack at the closest terminals to their stores.

 

[2QUIK6]

Thanks for the info John, that is a great explanation and I never understood how that operated. With the price of oil going up, there's lots of oil in the US that was simply too expensive to pull out of the ground for only $50-60 a barrel like that in West Texas and a huge field up in Pennsylvania, probably wouldn't help prices though. I'm afraid we will be paying similar prices to Europe soon where its more than $5 US per litre.

At the track Saturday, 104 unleaded was $9.50 gal

 

[UNGN]

Thanks for the info John, that is a great explanation and I never understood how that operated. With the price of oil going up, there's lots of oil in the US that was simply too expensive to pull out of the ground for only $50-60 a barrel like that in West Texas and a huge field up in Pennsylvania, probably wouldn't help prices though. I'm afraid we will be paying similar prices to Europe soon where its more than $5 US per litre.

At the track Saturday, 104 unleaded was $9.50 gal

I don't think Europe is paying $5 US/L yet, but it might not be too far off. When I was in Germany a month ago gas was about $2.50/L, but those German's were still burning it like it was going out of style, though I'd like to have the "Smart" car dealership... they were everywhere.

All of the German engineers I hung out with had old Mercedes Diesels to drive to work which get about the same hwy mpg as a "Smart" car. They told me "Smart" cars are for idiots.

 

[2QUIK6]

In Norway it was $6.21 US / litre , but you got double whammied due to the conversion rate also. And, Norway does not import any oil, the oil there is also owned and drilled for by their government.

 

[UNGN]

In Norway it was $6.21 US / litre , but you got double whammied due to the conversion rate also. And, Norway does not import any oil, the oil there is also owned and drilled for by their government.

Norway doesn't count because their prices for everything is insane :smile:

 

[Eticket]

Europe is interesting. Gas is only more expensive there because there is a tax on it. Yes, they use mostly diesel in Europe because they tax gasoline heavily. Take away their taxation and we'd all be fighting for the same gas. that is when times will really suck.

 

[UNGN]

Europe is interesting. Gas is only more expensive there because there is a tax on it. Yes, they use mostly diesel in Europe because they tax gasoline heavily. Take away their taxation and we'd all be fighting for the same gas. that is when times will really suck.

They can't take away the taxation because they wouldn't be able to pay for the 6 weeks of mandatory vacation.

It's the places like China that actually subsidizes gasoline instead of taxing it we have to worry about driving the prices up.

 

[TURBO 6]

Eticket, you are quite knowledgeable about the system. I'm assuming you work for AGE?

 

[Eticket]

Turbo 6,

AGE? Don't know who/what that is.

I can't claim too much knowledge. I work for an oil refiner (corp office) and have only been in the job for about 9 months. I learn something new everyday!

 

[TURBO 6]

Bingo. AGE is a small refiner in S.A. Looks like we work for the same company.

 

[Eticket]

Well. hmm. I don't work for AGE - dont' recall the name... we don't have ops in Lousiana.. so, maybe not.. sorry...

 

[TURBO 6]

NuStar? There is an asphalt plant in La.