Submitted by pepabp (not verified) on Wed, 05/04/2011 - 6:18pm.
You all really need to do a little homework before you post stuff like this.
The current price of gas is based upon the price of oil futures that were purchased in the past. For instance if a gas company bought their oil futures at $115.00 per barrel back in April, then the price of gas will be based on the price of those futures when exercised,
The current oil price that most people track are Brent Oil Futures for JUNE Delivery not the current price of oil.
If we really want to bring down the cost of gas, Americans need to demand that the EPA relax is current moratorium on the building of new refineries. With an extremely limited number of refineries the output is limited and the gas companies can charge more as demand for a limited product goes up.
You all really need to do a
You all really need to do a little homework before you post stuff like this.
The current price of gas is based upon the price of oil futures that were purchased in the past. For instance if a gas company bought their oil futures at $115.00 per barrel back in April, then the price of gas will be based on the price of those futures when exercised,
The current oil price that most people track are Brent Oil Futures for JUNE Delivery not the current price of oil.
If we really want to bring down the cost of gas, Americans need to demand that the EPA relax is current moratorium on the building of new refineries. With an extremely limited number of refineries the output is limited and the gas companies can charge more as demand for a limited product goes up.