Refining capacity being utilized is at 83% not 100%. Add to discussion the President's executive order eliminating refining formulas in the wake of Katrina (no need to raise prices for formula change) plus the influx of government subsidized strategic reserves at $25 per barrel.
How do all of these factors translate into high prices at the pump?
Supply and Demand?? (Shrugged shoulders)
How do they translate? Price gouging.
Ours just went up a nickel today.