Re: Gas prices
You can build all the new refineries you want but the price of crude is still going through the roof.
World wide demand for crude is rapidly expanding and the hard and fast laws of economics (Supply and Demand) means it will continue to increase. Add to that the falling value of the U.S. Dollar. If you were China would you want to hold on to dollars that are devaluing? No, you buy commodities with them!
To all those who lease or own pick up trucks and SUVs, it is time to bail out of them!
|