The U.S. is now selling more petroleum products than it is buying for the first time in more than six decades. Yet Americans are paying around $4 or more for a gallon of gas, even as demand slumps to historic lows. What gives?
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Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
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But more drilling is happening now, and prices are still going up.That’s because Wall Street has changed the formula for pricing gasoline
http://www.zerohedge.com/news/2017-01-24/why-keystone-pipeline-will-actually-raise-gas-prices-us
just 1 comment,,,,,,
Free Man's picture
Free Man Jan 24, 2017 5:05 PM
Dubious reasoning.
At first that may be true, but as more & more reaches the international market and supply is increased prices will drop.
BTW: US oil companies make ca. five cents off a gallon of gas, on the other hand government taxes on a gallon of gas are around seventy-one cents with some variation by state.
Now who is plundering the public?
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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