It’s gonna be a war….
- By Noles1993
- Osceola Village
- 32 Replies
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Drilling more will do nothing for the pump price if it can't be refined. Prices are moving down because the inventory is already high.Supply and demand are "keeping the gas prices up." Drill more, prices go down. Would be even more helpful if the government allowed more refineries.
Where did you get the correlation between spot and market price? And you know spot prices are a reflection of incremental demand, right? "Unleaded gas closed on the Nymex at 209.32 which should result in a price of around $2.75 when you're filling up."