Quote:
Originally posted by ltl/fb
I thought I had heard that the current high fuel prices were due more to lack of refinery capacity/output and less to shortage of crude oil; that may be some pernicious rumor spread by the oil companies, though, as part of their fight to maintain higher profits and be freed from regulations.
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Crude oil is much more expensive, which is a large part of the price increase.
Gasoline is more expensive because demand exceeds supply. Increasing supply is difficult because environmental regulations prevent new refineries and expansion of existing refineries. I blame people who drive hummers.
