Its not a supply and demand problem. It IS oil trader market speculation and manipulation. The only way to deal with dirtbag traders is too flood the market with oil. And threaten to stop exporting oil overseas.
Remember it was the vile murkowski, among others, that said exporting American oil would reduce prices. But as usual the swamp scumbags were lying because the cost to Americans has gone up ever since we started exporting oil.
Remember when meat, hardware, lumber, metal items, and chemicals like solvents, paint were all reasonably priced? Ever since we started shipping this stuff overseas in fair trade the supply at home becomes tight and the dirtbags make them high priced. The only people helped by overseas trade is stock market traders, big manufacturers of multinational corps, owners of export operations and farmers who sell our food to foreigners.
Free trade in my humble opinion never helps the vast majority of americans. It only raises the costs of everything for us that we need but reduces the cost of cheaply made chinese electronics and Chinese junk.
The gop establishment, the vile Chamber of commerce and the Koch bros are the ones who keep selling american workers out.
I think that’s a lot of nonsense. We go through this same crap almost every year due to refining capacity constraints. It’s a problem in the late spring and early summer because of the ethanol requirements for summer fuel blends.
An export of 8,000 bbl per day of crude and refined products is a drop in the bucket, as the the U.S. imports over a thousand times more per day of crude oil. Some of that export is solvent for blending heavy crude to improve pumping.