Re: GAS prices if refineries are the problem why is there still abundant supply?


"William Boyd" <williamboyd@xxxxxxxxxxxx> wrote in message
news:3skj4kFor9lqU1@xxxxxxxxxxxxxxxxx
> FMB wrote:
>
>> "Thomas Allemani" <tallemani@xxxxxxxxxxx> wrote in message
>> news:YrWdnTwqmsA_mfjeRVn-gg@xxxxxxxxxxxxxx
>>
>>>
>>>
>>>
>>>
>>>Hi all, I don't get this, "they" say the reason fuel prices are up is
>>>that refineries are down. OK why is there still an abundant supply if you
>>>are willing to pay higher prices? Where does the gas and diesel
>>>[refined] come from? As far as I can tell you can buy fuel by the tanker
>>>truckload if you can pay for it. THEY got crudeWE can't refine it. Thats
>>>what I see on TV, OK what's higher prices got to do with any of that?
>>>Guess I will not be privy to that kind of information at least for
>>>another 3 years : / Well my gripe is over bye.
>>>
>>>>helo
>>>
>>>
>>
>> Some folks here in America believe we refine all the gasoline and diesel
>> we use, from crude in our own refineries. Not that they are dumb or
>> stupid, but more that they just don't know that it just isn't so.
>>
>> The suppliers of gas and diesel in this country import what is necessary
>> to help meet the demand. Importing what we could be making ourselves
>> just adds to the price we pay. Demand for refined products have risen by
>> leaps and bounds the past 30 years and the only place refinerys have been
>> built to meet that demand is overseas.
>>
>>
> Of course that is correct, the cost of transporting a finished good is the
> same as raw material and then you have the cost or refining it. Labor
> costs are so much higher here that we can import finished goods much
> cheaper than we can refine it our selves. That does not apply to our
> refining our own raw material.
>
> --
> BILL P.
> Just Dog
> &
> ME

You forget that the foreign producers sent their best and brightest to the
Wharton School of Business, and also charge what the market can bear.


.

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