The other issue is that all this oil brought down to the Gulf....probably will be broke into half, with some staying in the US and the rest being sold overseas. This is the questionable part about this entire deal.
This is the questionable part about this entire deal.
In this area Diesel Fuel for 18 Wheelers is selling for 80 cents per gallon higher than gasoline. The normal spread has been about 15 cents per gallon.
Why the 65 cents per gallon higher price for Diesel Fuel today?
It is being exported to Europe, you and I are picking up the tab for higher fuel costs for all the "things" that 18 wheelers haul across the country.
The market determines what gets exported and what stays in the US.