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xoxoxoBruce · 09-02-2017, 10:31 PM

That 47 cents is just price gouging by the distributor, there’s no shortage. The Feds refused to release any of the strategic reserves because there is something like 332 million barrels of gasoline in the system. That’s 42 gallons per barrel. The reason for any shortages is people getting hyper and wanting to fill the tank when it’s ¾ full instead of ¼ full.

The 15 refineries shut down in Texas, including the nations largest the Saudi-owned Motiva plant, represent 25% of the nations refining capacity. They will be back up as soon as they can because it's lost money for them. Don't forget the reason they are located there, to ship crude in and refined out, including EXPORT. Not all the refined products stay in the US.

09-02-2017, 10:31 PM	#1709
xoxoxoBruce The future is unwritten Join Date: Oct 2002 Posts: 71,105	That 47 cents is just price gouging by the distributor, there’s no shortage. The Feds refused to release any of the strategic reserves because there is something like 332 million barrels of gasoline in the system. That’s 42 gallons per barrel. The reason for any shortages is people getting hyper and wanting to fill the tank when it’s ¾ full instead of ¼ full. The 15 refineries shut down in Texas, including the nations largest the Saudi-owned Motiva plant, represent 25% of the nations refining capacity. They will be back up as soon as they can because it's lost money for them. Don't forget the reason they are located there, to ship crude in and refined out, including EXPORT. Not all the refined products stay in the US. __________________ The descent of man ~ Nixon, Friedman, Reagan, Trump.