If you look behind the curtain the new diesel low sulfur regs are hurting refining. Refinery capacity is down from the usual 92-94% to 88% or so. This means less to go around. The new diesel fuel sucks, my truck hates the stuff.
Building a new refinery or 2 would help a whole lot more. I think you know who opposes that.
a shiny new refinery would be beautiful. The point of the gasout is to reduce consumption. Our just in time delivery system means that a hiccup in consumption could break the price spiral.
Building a new refinery or 2 would help a whole lot more. I think you know who opposes that.
The out put of gasoline is today what is was twenty years ago.
There have been no new refineries built in twenty years.
Now try projecting in your mind the difference in the number of cars twenty years ago and, the amount of cars we have today on the highways.
Kind of sways the law of economics toward the gas companys favor,
supply and demand????