Quote:
Originally Posted by Frosty
We can have all of the oil we want, we still don't have enough refineries to process it. That's a HUGE problem right now.
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all gas sold in the US is refined in the US. hell, we have 3 or 4 major refineries in jersey alone(including sunoco's 3rd largest plant in north america in south jersey).
there is absolutely no relationship between where oil comes from and what gas costs. between taxes and the oil companies knowing that they have the consumers by the short hairs there is no way the prices are going to come down.
even with the addition of ethanol as an additive, prices haven't come down even though the cost and quality of the product we are paying for has gone down a bunch.
the fuel oil companies decide their margain, look at their costs, and stick to the simple truths of capitalist society. i forget the name of the british guy who won the noble prize for finance a few years ago, but he summed it up best i think. his thesis included the phrase "Money before mates," can't get any more on point than that.