I read this, ‘everything is coming up roses’ report and then go look at the price at local gas stations and something doesn’t make sense.
If production and capacity are at record levels, why are gas prices so relatively high?
Actual gas prices here in Aiken County, SC are up 12 cents in July and up 32 cents since February. How can that be explained given this report?
As long as I’m ranting :)... we need to stop burning our food and give up ethanol. Or at least cut it way back.
Price is based on demand (and taxes), not just supply.
World demand is way up and production is down..Iran and Venezuela have been cut out.
Current high prices are driven by high world-wide demand.
Research how many refineries were closed.
Expiration of long term contracts forged back when NG was at rock bottom?