Engineer wrote:Delawhere Jack wrote:PS Just as I was about to post this it dawned on my. Could deliveries be down because more gas is being imported rather than refined here?
Acutally we're a huge exporter of refined fuel now. CNBC even broke down and admitted today that the price we pay at the pump is based off of Brent rather than West Texas Intermediate. Its been that way ever since we helped topple Libya.
![Rolling Eyes :roll:](./images/smilies/icon_rolleyes.gif)
Yes, we are exporting a lot of refined gas from the gulf coast refineries to South America,they get a better price there than they can domestically. But we are also getting more gas refined offshore coming in to our east and west coast ports. Perhaps the gas that arrives already refined is not counted in this graph?
I've read in a few articles which stated that WTI isn't really an accurate gauge for oil prices anymore, since so little oil is delivered to that specific terminal. That would explain why pump prices are rising despite WTI being trading in a very narrow range (approx.) $96-$102 /bbl for the last month and a half.
Side note, has anyone noticed a significant drop in the number of tractor trailers in the road since 2008? I often travel I-95 in the area between Philly and Baltimore, and it seems to me that truck traffic is way down.
I've gone Galt. Obama and all the other commie's can kiss my a....