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Spider Jerusalem

(21,786 posts)

3. Sorry, but no

Reply to SmileyRose (Original post)

Wed May 16, 2012, 05:22 PM

May 2012

this is completely erroneous; the US isn't exporting gasoline refined from domestically produced oil. A little inconvenient fact: the US is a net oil importer. Over half of the crude oil consumed in the US is imported; exported refined fuels are more likely to be refined from that imported oil which is then re-exported. The price of oil is set on world markets and not determined by local demand; why should the US get cheaper oil when global demand remains fairly steady and the US is competing with other oil importing countries for oil on world markets?

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Highlight:

US Gas Prices, Oil Price & the Real Story [View all] SmileyRose May 2012 OP

Thanks for Posting Sherman A1 May 2012 #1

shameless self kick for the evening crowd - really good info at the link in the OP SmileyRose May 2012 #2

Sorry, but no Spider Jerusalem May 2012 #3