Hey Hey Hey, Goodbye!
Mama Moonbat’s favorite dictator is withdrawing from the US (or at least his petrolium products).
Venezuela-owned Citgo Petroleum Corp. has decided to stop distributing gasoline to some 1,800 U.S. stations, shedding a lackluster segment of its business while forcing the owners of those stations to find other suppliers.
While it may create some logistical headaches for gasoline retailers in the short term, the move should not have any impact on the nation’s overall fuel supply.
Citgo, which is wholly owned by Venezuela’s state oil company, currently has to purchase 130,000 barrels a day from third parties in order to meet its service contracts at 13,100 stations across the U.S. This is less profitable than selling gasoline directly from its refineries.
Instead, the Houston-based company has decided to sell to retailers only the 750,000 barrels a day that it produces at three U.S. refineries in Lake Charles, La., Corpus Christi, Texas and Lemont, Ill., according to a statement late Tuesday.
That will mean that over the next year Citgo will cease distributing gasoline in 10 states and stop supplying some stations in four additional states, Citgo spokesman Fernando Garay said Wednesday.
As the report states (granted, its NewsMax) this shouldn’t have any long term effects on our supply, though I’m sure some stations may react with raising their prices.
And this shouldn’t effect anyone who stops by here. You’ve known to boycott Citgo, right?
Sent by reader and co-worker, Paul.
I am going out on a limb here, but maybe part of Citgo’s troubles might result from people not buying from Citgo’s stations. For several years I have avoided Citgo Stations because of their association with Hugo; maybe others feel the same way? This way CitGone and the Peoples Republik of Hugo, can continue to sell fuel to America without the stigma.