RV Fuel Issues & Prices - Post 'Em Here!
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Forum Discussion
LindsayRichards wrote:
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.
No mistake here other than your interpretation of what I am saying. Exporting gasoline reduces supply of gasoline here in the US, increasing price by the law of supply and demand due to the finite refinery capacity. Gasoline demand in the US is steadily dropping so the excess should drop the price. Oil companies are propping up the price by exporting it.
