US soon to be world’s top oil producer

SIGforum

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/6680003444

July 13, 2018, 12:27 AM

Scoutmaster

US soon to be world’s top oil producer

quote:
Originally posted by erj_pilot:
Excellent! So question...why then, am I paying $3.19 per gallon for mid-grade?

Because you live in Texas? If you lived in the Bay Area you would be paying closer to $4 per gallon for mid-grade.

"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944

July 14, 2018, 10:29 AM

Hay2bale

quote:
Originally posted by Loaded Round:
quote:
Originally posted by roberth:
quote:
Originally posted by erj_pilot:
Excellent! So question...why then, am I paying $3.19 per gallon for mid-grade?

How much of that $3.19 is tax?

And building some new refineries might help.

Why do you think we need new refineries? Gasoline demand had peaked in 2006, and had declined until 2017, when the Trump economic boom began.

We had a refinery in Virginia. It was closed to lack of demand.

Now the US is exporting refined petroleum products, but we still have excess capacity