Well, whether we are "awash" or just well stocked with raw crude, my original point was the most relevant - it is really more about refining capacity than a heavy raw hydrocarbon liquid that as it sits in a barrel or tanker hold is useless for most internal combustion engines. You guys are really somewhat missing my central tenant.
capacity needs to be expanded, then the need for crude will be too..... plus its priced in USD. thats a problem
lame question about oil-back in a day oil was $150,gas-$4, now oil is half of that,but gas is still $4. why?
sort of like asking why are cookies more expensive now than they were back when sugar was at an all time high
Different supply/demand fundamentals. Like bone said, awash in WTI but global gasoline supplies remain tight.
1) Increased fuel taxes? 2) Seasonal reformulation guidelines are still in effect? 3) You're in California? :eek: :eek:
Sandy continues to impact the supply/demand fundamentals around the world. Europe gasoline shipments may rise to Africa, Brazil after Sandy It's all a web.