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Turbineguy

(37,427 posts)

7. Gas prices also respond to factors inside the fuel markets.

Reply to longship (Reply #4)

Mon Jun 25, 2012, 11:57 AM

Jun 2012

Nearly half of refined oil becomes gasoline (19-20 gallons). Therefore an increase in diesel fuel (9 gallons) or jet fuel (4 gallons) demand met by a production increase would result in a gasoline overage. Therefore a drop in price as gasoline does not store well and has to be sold.

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Highlight:

Who's Responsible for Gas Prices? [View all] louis c Jun 2012 OP

Who's responsible? That depends. Turbineguy Jun 2012 #1

You took the word right out of my mouth SoutherDem Jun 2012 #2

OMG perfect timing sandyshoes17 Jun 2012 #3

I know the type louis c Jun 2012 #6

Rachel said it perfectly; Petroleum is fungible. longship Jun 2012 #4

Gas prices also respond to factors inside the fuel markets. Turbineguy Jun 2012 #7

Assholes like this: tabasco Jun 2012 #5

Perfect talking point- point the finger at the real culprit The Koch brothers and other Speculators Ghost of Huey Long Jun 2012 #8

Koch brothers wealth grew from $7.5 billion to $50 billion in last seven years Ghost of Huey Long Jun 2012 #10

A person known as cherokeeprogressive Jun 2012 #9

Speculators. n/t BumRushDaShow Jun 2012 #11

Not "who", "what". Spider Jerusalem Jun 2012 #12

Yes the silence has been deafening. PotatoChip Jun 2012 #13