Endowment Guide

Endowment Policy By Alan Fein

British Energy¯ plant shutdowns cause spike in electricity prices but rising gas prices are the real concern

Selling Endowment (AXcess News) Houston - Consumers may be looking at higher prices at the pump shortly due to damage sustained at two Texas gasoline refineries due to hurricane Rita. Hurricane Rita seriously damaged two major refineries in Port Arthur, Texas, and may have damaged as many as four more in Texas and Louisiana.

British Energy¯ plant shutdowns cause spike in electricity prices but rising gas prices are the real concern

Endowment Mis Selling Last month four gas refineries were idled following hurricane Katrina in Louisiana that supplied 5 percent of the nation's gasoline. But hurricane Rita may have caused even more refinery damage than that.

The news will be a blow for customers who had hoped that recent falls in wholesale gas prices might spare them from another price rise.Alan Tattersall, uSwitch. %âany people may view this rise as opportunistic, as wholesale gas prices have started falling. In any case, this announcement comes as no surprise as Scottish and Southern Energy are the only major supplier who have not increased prices since May this year and who made a price promise not to raise their tariffs for the remainder of 2006%

Selling Endowment Policy According to AAA, the average price for a gallon of regular gasoline is $2.778. A month ago, AAA reported that average price for a gallon of gasoline was $2.603, a 17 cent a gallon difference consumers were paying at the pump. But with more gas refineries estimated to be damaged in the wake of hurricane Rita, gas prices are apt to rise even further.

Scottish & Southern Energy has announced a price increase that will affect its 6.5million gas and electricity customers. From 1st May 2006, gas bills are set to rise by 16.5% and electricity bills are set to rise by 9.4%. This latest price increase will add 30 to an average household bill warns price comparison and switching service SimplySwitch.com. Households supplied by Scottish Hydro Electric, Southern Electric, SWALEC and Atlantic Electric & Gas will all be affected by this price increase.

Endowment Fund Analysts estimate that for the next two or three weeks gas prices are most likely going to rise due to the damage to refineries, though the degree of damage has yet to be determined.

The price rise will be effective from 1st April 2006 for all customers except those with the "Gas Guardian" plan. npower's online plan is also not affected by the price rise. The price rise follows a recent spate of price rises including EDF Energy, British Gas, ScottishPower and Powergen, whose prices rise in March. uSwitch.com has updated the prices for npower plans in our gas and electricity comparison and switching service.

Lilly Endowment In Houston, refineries there seemed to have escaped damage from hurricane Rita. Houston-area refineries produce about 13 percent of the nation's gasoline.

Endowment Mortgage Uk A department of energy spokesperson told the media that they were "cautiously optimistic" about the amount of damage to gasoline refineries and shipping ports in the Houston area. Though other refineries were another matter. "Those around Port Arthur seem to have borne the brunt of the storm, and we will wait for additional reports and assessments from that area," the spokesperson said.

Endowment Plan Mortgage Refineries in Beaumont, TX and Lake Charles, LA were directly in the path of hurricane Rita and suffered the strongest winds and worst flooding.

Endowment Mortgage Complain ExxonMobil, which operates a large gasoline refinery in Beaumont with a 348,000 barrel per day capacity has yet to report damage estimates.

Sell Endowment Citgo and ConocoPhillips, which operate gasoline refineries in Lake Charles with capacities of 324,000 and 239,000 barrels a day have not reported the extent of damage to their refineries either.

Endowment Mortgage Shell Oil reported that its refinery in Port Arthur suffered minor damage but it's Motiva terminal was already operating yesterday to supply gasoline to stations along Houston's evacuation routes as well as emergency vehicles.

Endowment Funds Gasoline pipelines that feed the Southeast and Midwest had been closed down prior to hurricane Rita reaching land. Colonial Pipeline Company said its gasoline pipeline escaped damage. Colonial supplies much of the gasoline for the Southeast.

Sell Endowment Policy Explorer Pipeline Co. said its gasoline pipeline to the Midwest suffered no damage though its pumping station in Houston was experiencing power outages.

College Endowment While the major pipelines to the Midwest and Southeast escaped damage, they cannot provide fuel to those markets until the refineries begin supplying gasoline once again.

Endowment Mortgage Plan Offshore oil platforms have yet to have damage assessments reported as well. Both onshore refineries and oil rigs in the Gulf will require some repair. At this time no estimates can be provided by the Department of Energy or the energy companies themselves. Accurate estimates may take a week or longer to compile.

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