Ummm... a created decrease in supply. Consumers have cut back - and so have the refineries. Shipping 1.6million barrels of gasoline out of the US probably doesn't help either.
“Shipping 1.6million barrels of gasoline out of the US probably doesn’t help either.”
Don’t Puerto Rico, Guam, Saipan, Micronesia and Samoa deserve gas, too?
That 1.6 number is BS, too...
In May we only exported 580,000 barrels, HALF of that number.
http://tonto.eia.doe.gov/dnav/pet/pet_sum_crdsnd_adc_mbbl_m.htm
How long does it take to do that?
Exports Exports by Destination
http://tonto.eia.doe.gov/dnav/pet/pet_move_expc_a_EPM0F_EEX_mbblpd_m.htm