Posted on 04/22/2014 12:36:23 PM PDT by Theoria
Drivers in the U.S. are facing rising gasoline prices ahead of summer-vacation season, just as refiners here are shipping more gas to other countries.
A new pipeline, built to release a glut of crude oil that was stuck in the middle of the country, is now feeding oil to refineries on the Gulf Coast that churn out gasoline and diesel. While these fuels still make their way to the Southeast and the East Coast, growing amounts are being sold to Mexico, the Netherlands, Brazil and other countries.
The push into these markets has been spurred by the U.S. oil boom. Rising oil output had been flooding the nation's oil market in recent years, keeping U.S. crude prices low relative to world prices. Facing tepid fuel demand in the U.S., refiners have been ramping up exports, creating more global competition for U.S.-produced fuel.
While the construction of pipelines and other transportation infrastructure allows other countries to benefit from the oil boom, it also means the market for motor fuels has become more competitive. The gasoline market now has to reckon with demand from other countries—and the potential impact on prices—during a U.S. economic recovery many economists see as fragile.
"Quite frankly, this is not just a U.S.-centric topic anymore," said Nancy White, a spokeswoman for motor club AAA. "Production is going overseas, so that impacts the supply here, and that will drive prices up."
Gasoline stockpiles nationwide are at their lowest point for this time of year since 2011, according to the U.S. Energy Information Administration. Meantime, the retail price for a gallon of regular gasoline averaged $3.68 on Monday, up 4.2% from a year ago, according to the EIA. That is the highest price since March 2013. AAA had the average price on Monday at $3.67.
(Excerpt) Read more at online.wsj.com ...
Ya think these people wouldn’t support and sell to America’s enemies for a profit? Ya think they’ve never done so?
Why are you evading the question?
Oh, get over your Marxism and get a grip.
LOL...Feel free to answer the question slick.
Looks we nay disagree some on Russia but we think alike on this.
allegiance? Sorry, but the value of the dollar not allegiance is the reason for what you pay at the pump.
Gen. you forgot to mention that officers of public companies are required to maximize return to their shareholders. Being out of a job might be the least of their concerns if they fail to do so.
Keep reading. Clearly it’s over profits, this is no secret.
Profits regardless of consequences...No?
I will answer your question as soon as you tell me who these enemies are.
But I am in favor of selling to our enemies at a profit since it beat the shiite of selling to them at a loss.
I am in favor of selling to our enemies at a profit since it beat the shiite of selling to them at a loss.
Oh yeah....So there ya have it...
Those making the big profits benefit, all other Americans can eat sh*t.
Wow..
Agreed.
I am still waiting for that enemies list and your answer as to whether or not you support a 100% ban on trading with them. Or is this theoretical exercise?
So how much profit are you o’k with? Since you don’t like big profits maybe you like small profits or losses better?
The tariffs you are talking about were levied on imports, not exports. There is a huge difference.
A better question might be, who in their right mind would invest in an economy where your profits are capped by law?
I agree on imports but not exports. The purpose of the effort behind the Tariff Act was focused on foreign imports. Southerners disagreed, because they wanted to continue buying non-agricultural products from elsewhere instead of buying them from northern manufacturers.
Why isn’t bill o’reilly complaining about and investigating the rise of gas prices like he did under Bush’s administration!
A tariff is a tax. A sales tax. As in any tax it is only paid by the customer. So if you favor higher prices then implement another tax. All a tariff does is let politicians dole out exemptions for their donors.
Some on this forum have a list of items that should have tariffs and a list of items that should not. In years of asking these questions no one has answered it. Who decides what gets a tariff, what does not, and how high the tariff should be? Would you let the 0 administration do it or should wait until a Republican is president?
What is the criteria for imposing a a tariff and who decides what that criteria is? Should food be exempted? Or just food we do not grow here? What if only one company grows it do they get a monopoly. If they have a monopoly then should the government regulate their prices?
Wasn’t there some tea tossed about over a tariff?
Sadly there are some on this forum who think profits should be capped since they mistakenly believe they will get cheaper prices. To their credit they get real squeamish when asked to define how much profit is too much and WHO gets to decide what that level is.
“Ya think these people wouldn’t support and sell to American’s enemies for a profit?”
If they do business with enemies, then they should be fined by the Feds.
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