[Spridgets] [midgetsprite] Re: Gasoline/Diesel $
pythias at pacifier.com
Tue Apr 15 07:20:51 MDT 2008
YES, lack of refining capacity if one of the Major reasons for
high gasoling prices.. (of course also world demand,. but.. )
Before "consolidation" there was an excess of refinery capacity.
most refineries ran at around 80% to 85% capacity. .. that is
not profitable ENOUGH for the major oils, so as the merged they
closed refineries.. now most of them in the US are running at or
near 100%... ... so when one of them has an accident, or closes
for mantainance, prices SPIKE.. .. and we still haven't replaced
the those lost due to KATRINA... ..
Bill mailto:pythias at pacifier.com
'66 Sprite HAN8L49403
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