Replies

What is left out of this subject is that the oil from Iraq will be entering the market soon.

Seems those who make their living from oil sales, are in for lower prices when that Iraqi oil enters the market place, and they are getting theirs before that happens.

No...what is left out of this story is the fuel tax hikes not only from the federal government, but from all the states themselves. California has one of the highest taxes on fuel in the country.

We have not built a new refinery in years in this country...I think over 25yrs. The last refinery I believe was built in Texas by FINA, and their cracking units are not making trimethyl-pentane(gasoline).
BTW, many of our refineries are now in repair outages. This is the best time because of the drier weather...therefore the higher gas prices.

Another reason democrats don't talk about is all the rules and regulations passed on to the refineries. Until W took office, anytime there was an outage and repairs made...it was up to some bureaucrat to decide whether that refinery should add the latest and greatest pollution control technology. At a minimum this would cost 20 million for a electrostatic precipator, or 10 million for a oxidation catalyst. Sometimes they would have to add both. Who do you think has to pay for that?

When John effing Kerry voted on requiring MTBE to fuel...how much do you think it cost to build the plants to make this stuff? Now they want to change that and mix alcohols in the fuel? Jeesh.