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Re: Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices. 

By: Beldin in POPE IV | Recommend this post (3)
Wed, 25 Jan 17 6:01 AM | 47 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 18915 of 47202
(This msg. is a reply to 18903 by capt_nemo)
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Americans are paying around $4 or more for a gallon of gas ... REALLY? I'm paying just above $2 per gallon.

Yeah, and that last comment is 110% correct ... don't forget the huge percentage that goes to taxes on a gallon of gasoline.




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The essential American soul is hard, isolate, stoic, and a killer. It has never yet melted. ~ D.H. Lawrence


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The above is a reply to the following message:
Americans have been told for years that if only we drilled more oil, we would see a drop in gasoline prices.
By: capt_nemo in POPE IV
Wed, 25 Jan 17 5:20 AM 		Msg. 18903 of 47202

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,,,,,,


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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?

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