The Boise Weekly. The Boise Weekly! That's who's covering the story! In any other outlet that I'm seeing covering this(including Fox) the shutting down of refineries is treated as some secondary matter? It's not hard to make this connection.
And nowhere do I see the role of government, Obama, Cass Sunstein, and regulation being highlighted.
How can coverage be this skewed, even in what's supposed to be 'our media'?
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The retail price of gasoline is not hurting due to lack of refining capacity. There are no gasoline shortages, there is enough active refinery capacity and production.
The retail price of gasoline, just like refiner’s profit margins, are hurting due to the global prices for the crude oil refiners turn into gasoline.
“Build more refineries” is not an answer to a problem unrelated to sufficent supply.
There might be more refineries built, if and when, the prices refiners have to pay for crude oil were to come down, which would make the refinery businesses more profitable, and, depending on circumstances, might help make for lower retail gasoline prices.
Meanwhile, trade-in the pickup (or an old inefficient vehicle) for a more fuel efficient vehicle; strategize around ways you can drive less; get out the old bicycle for “getting around town” (and losing a few pounds); etc. etc. Supply and demand works.
But this is old news.
Most of the refineries being shut down are smaller and older facilities that delivered gasoline directly to their local market.
These days it's actually cheaper to refine gasoline at a Texas or Caribbean mega-plant and sail it by tanker to places like Philadelphia.
This article may have discussed USA refineries selling gasoline to European buyers.
Completely true, but the reason is simple.
Europeans are offering more money than USA buyers.
If this continues, gas prices will rise so high that Obama will become unelectable.