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Re: OPEC and gas price
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Posted by gspig on April 01, 2004 at 12:44:55 from (128.163.42.130):
In Reply to: OPEC and gas price posted by Will on April 01, 2004 at 05:28:39:
I fail to believe that OIL supply is the problem with gas prices. Refinery capacity is the problem. The oil companies aren't putting money into refineries, and why should they. Refineries are expensive and the increased capacity will reduce the price of gas. Shut down some refineries during peak fuel usage and now you have a gas shortage. At the same time you can now raise prices because the supply/demand gap has increased.
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