Back in Howard Hughes day, there was a guy who was running around the country building refineries. Hughes kept buying him out, but he’d just go build another one.
We need some guys like that. And the Feds need to streamline the process for approval. Or designate some lands which are preapproved for refineries.
So with capacity low the refiners can keep the price high and their profits high as well. You want them to invest billions in new refineries which will do nothing but increase gasoline supply, thus driving down the price they can charge and reducing their profits? Do you really think they'll do that?