[raygun]

In my neck of the woods E85 sells for $3.15 while gasoline (having knock rating of 87) sells for $3.389.

[singfreedom]

Absolutely and the thought that a hostile Democratic administration may take office next January doesn't help any, either.

We NEED to drill ANWAR. We should have already drilled ANWAR! No two ways about it. That would give us a chance to make a smoother transition to a carefully considered alternative fuel source, instead of just jumping around, willy nilly, from one impractical, unsustainable, fuel source to another.

[TheWasteLand]

As always the main problem is the government. Get rid of the regulations and government interference in the drilling and refinery business and this issue will fix itself.

[TYVets]

Downstream, refiners are hit by not only high energy prices, but also bureaucratic regulations, environmental lobbies and special interests

"moving to Asia, where economic growth is still valued"

Since The Arab Embargo of 1973 caused great concern for two branches of the United States government, they have been working on a "Energy Policy".

Today, 35 years later they are still working on some sort of mythical energy policy that will get them reelected.

Perhaps they should try Capitalism.

.

[Liberty Valance]

We have plenty of oil in the USA but the dipsticks are in DC.

[kellynla]

ping

[VRWCTexan]

“Valero will probably sell three of its 17 refineries this year and maybe two more later to focus on its core operations amid what CEO Bill Klesse acknowledged on Tuesday is a weak economy.”

Sorry IMO his statement makes NO sense - “refining” and then selling gasoline, and related products” is it's core operation and business..... if they indent to keep selling gasoline then someone has to product it.

The US is already short 3 million barrels per day in actual refining capacity - versus US daily consumption - so we are already having to import refined gasoline from overseas locations!!!

I guess what he is saying is that they intend to let the Arabs and others also refine it, and then just sell it thru Valero’s pumps...??

[RightWhale]

Out local North Pole refinery has changed hands so many times we hardly notice anymore.