Do you understand that for several months, the stocks of gasoline have been growing in the US? The production and imports continue to be more than the demand.
“It amazes me that suppy has not been a problem.”
Market Watch comments also indicate that refineries are only producing at 82.5% of capacity, because they want to prop up the price of gasoline. It probably would be a good idea to have some more refineries built well away from hurricane and tornado territory, just in case. Another MW topic concerned the Bakken oil production area in our own west. One story said this area has reserves from 200 to 500 billion barrels, more than Saudi Arabia. The only problem is that only 3 or 4 billion are recoverable at current technology and pricing. People who push the high figure are trying to sell hype. Who knows?
Do you understand that for several months, the stocks of gasoline have been growing in the US? The production and imports continue to be more than the demand.