Welcome to Medary.com Monday, December 23 2024 @ 01:52 PM CST

Venezuelans stop selling gas

  • Contributed by:
  • Views: 1,241
If you go to Citgo gas stations, maybe you should think again.  You're supporting totalitarian Hugo Chavez, as Citgo is owned by the Venezuelan state oil company, and is stopping distribution of gasoline in a large swath of the U.S.
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 today.
. . .
The states where Citgo will stop selling gasoline are: South Dakota, Iowa, Kansas, Kentucky, Minnesota, Missouri, Nebraska, North Dakota, Ohio and Oklahoma. A limited number of stations in Illinois, Texas, Arkansas and Iowa will also be affected.
Go to Shell, go to BP, go to Quik Trip, go anywhere but Citgo for your gas.