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Manager named for planned western ND refinery
2013-06-09T12:07:00Z
Manager named for planned western ND refinery
The Associated Press
DICKINSON, N.D. — Officials have named Dave Podratz as the manager for a proposed diesel refinery in western North Dakota.
Bismarck-based MDU Resources Group Inc. and Indianapolis-based Calumet Specialty Products Partners are building the Dakota Prairie Refinery west of Dickinson. Officials have said it could cost up to $300 million.
The facility will process crude from the rich Bakken and Three Forks formations in western North Dakota, helping meet an unprecedented need for diesel fuel in the booming oil patch.
Podratz is slated to begin his new job July 1. He has worked in the refining industry since 1980.
The facility is slated to be completed in late 2014.
On Friday, the price of a gallon of regular unleaded in the Chicago area hit an average of $4.42, according to the AAA Motor Club’s Daily Fuel Gauge Report.
Locally, regular unleaded was selling for $4.39 a gallon at most service stations in the Tri-Cities on Friday, according to information reported by fuel price tracking site, Gasbuddy.com.
That marked an increase of more than 7 percent from just one week ago, when gasoline cost $4.12 a gallon, according to AAA.
And it is just short of the record high of $4.51 a gallon recorded at the end of March 2012.
Patrick DeHaan, senior petroleum analyst for GasBuddy.com, said he understands that the price spike would leave many motorists perplexed. While some historical price spikes have been tied to the price of crude oil, this increase is different.
“This is all about refining, refining, refining,” DeHaan said.
DeHaan said some local refineries have reduced production to allow for maintenance, while others have struggled to bring their production up to peak.
That has, in turn, pinched supply in the Great Lakes region, explaining why of the 20 U.S. metro areas reporting the highest gas prices, all but four are in Illinois and nearby states.
Why Abundant Oil Hasn't Cut Gasoline Prices - BusinessweekTo bring U.S. gasoline prices way down requires improvements in the pipeline, barge, and truck network that connects the fields of North Dakota with refineries on the Gulf and East Coasts. Progress is being made; already more barrels of North Dakota crude are being carried by train from the Bakken Shale thanks to several newly completed rail terminals near East Coast refineries. Two refineries are also being built in North Dakota. Some analysts are betting that gasoline prices will be lower by summertime. Yet even with improvements in oil-field logistics, as long as U.S. refiners export their fuel, U.S. drivers will be competing for gasoline with their counterparts elsewhere in the world.
Gone up around here, averaging around $3.25 in BP GA!Yesterday afternoon gas within a 5 mile radius of my house was between $3.66 and $3.89 per gallon. That's nuts.
100% only 6 cents more than 10% moonshine, good deal but it should be cheaper than the Moonshine Mix. The price of mixing, testing etc.E10 this morning was at $3.39...100% was at $3.45