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To: Alberta's Child
This article claims (contrary to the editorial) that the US is allowed to export gas and diesel out of the country and is doing so at a much higher rate. So that's part of the reason why there is no glut...

Why are Gas Prices High

12 posted on 05/13/2014 7:44:38 PM PDT by who_would_fardels_bear
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To: who_would_fardels_bear

The U.S. energy industry can legally refine gasoline and diesel fuel for export, but for that market foreign consumers and U.S. consumers face the same constraints. If U.S. pipeline capacity and U.S. refining capacity are constrained, then it doesn’t matter if you’re refining the fuel for U.S. consumption or for export. All of the crude oil is using the same pipelines and refineries, regardless of where the fuel ends up being sold.


17 posted on 05/13/2014 8:19:28 PM PDT by Alberta's Child ("What in the wide, wide world of sports is goin' on here?")
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