Gasoline: The new big U.S. export

[Defib1961]

Gasoline: The next big U.S. export - Dec. 5, 2011 (http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm?hpt=hp_t2)

[Wathen1955]

I could not believe what I was reading. If this is true, why are we paying a high price for gas at $3.50/gal? I thought excess would mean a lower price.

[CertInsaneC5]

I could not believe what I was reading. If this is true, why are we paying a high price for gas at $3.50/gal? I thought excess would mean a lower price.

The price of gas has nothing to do with supply and demand.

[kingpin]

I could not believe what I was reading. If this is true, why are we paying a high price for gas at $3.50/gal? I thought excess would mean a lower price.

You sound Canadian. :lol:

[G8rDMD]

I could not believe what I was reading. If this is true, why are we paying a high price for gas at $3.50/gal? I thought excess would mean a lower price.

That's what I initially was thinking--however, we are still importing the crude. We just have the refining infrastructure to turn out more gasoline than we consume. If we supplied our own crude, then conceivably prices could be less. But you know that the oil companies will never let us get back below the $3 mark again. Next year we'll be into the $4s and be "happy" when we get back to the high $3s :mad:

[Low12s]

You sound Canadian. :lol:

and we're off!

[kingpin]

and we're off!

:slap:

It was meant in the way that, that's what Canadian's think.