He's right. But with the constant(stupid) threats to kill oil, and canceling leases, why would oil companies invest in additional refinery capacity? If the administration would stop the threats, we could increase production. Fossil fuels aren't going away anytime soon folks.Interesting. Steve Rattner explains the main reason gas prices are so high - refinery capacity:
It was 4.59 here yesterdayKroger Cold Spring at $4.69 matching the lowest priced gas station in N. Campbell County, Tiger Oil.
Better go now. Futures market is predicting a huge spike in the near future. Some are saying that $200/barrel isn't that far off.Down 40 cents a gallon over the last couple weeks. Really excited about this windfall.
I’ve planned an extra vacation because of the savings. I’ll be driving to the Pacific Northwest and back. I had heard that folks were canceling travel plans right and left when it spiked upwards. I’m doing just the opposite now that it’s dropping. Woohoo! Parrrrr-tay!
Interesting. Steve Rattner explains the main reason gas prices are so high - refinery capacity:
That sucks. But at least you and faninOhio can afford to travel. Some people are struggling with the high costs.$4.39/gallon at local Valero, down 30 cents from peak. Leaving today for KY/TN and expect on paying $200 gasoline charges for just a 1150 mile trip out there.
Kroger and several stations in Cold Spring are $4.49. It's a gas island with everything south around $4.97 and everything north at least $4.69 if not more.My 2 Krogers are stuck again at $4.99.
Reports say prices are dropping because less people are driving.
Will the huge jump in prices make people satisfied with a modest drop? Or, will people want gas back to $2.00-2.50 per gallon before being satisfied?
psychologically, moving the needle up to $5 could make people happy with $4 . . . If I was a conspiracy theorist.
$3.89 in Anderson county today. Supplies are going up so make it about whatever you want to be mad at……