Forum Discussion
LindsayRichards
13 years agoExplorer
You mistake crude oil and gasoline. Due to reduced usage and prices, we have some excess refining capacity for gasoline. We take imported oil, refine it into products such as plastics, gasoline and the like and export it to foreign countries. This provides jobs for American that would otherwise not have them. This is a good thing. The price of gasoline is not affected. Think of it as manufacturing. The same for those distillates.
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