Not true. We are refining more than we use, leading to us becoming a net exporter of gasoline. We had so many refinery expansions combined with a falling demand, our refineries are only running about 83% capacity and still making more than we use.
Not true. We are refining more than we use, leading to us becoming a net exporter of gasoline. We had so many refinery expansions combined with a falling demand, our refineries are only running about 83% capacity and still making more than we use.
Interesting. Thanks for that.
There are refineries being shut down though. And many of the major companies have folded up shop and left since the BP oil spill.
Whatever the specific reasons, did anyone really doubt that this was coming?
can you tell me why the saw tooth pattern in the finished gas graph is so regular? is it the difference in winter and summer driving??? thxFOX Business news had a commentater (potato joke in there somewhere) say we could drop the price by a dollar a gallon by removing the requirement of over 100 different EPA formulations. Comments?
And Newt said the silver bullet to lower gas prices was to get rid of Obama!
So basically it’s all speculative at this time?