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The CA gas market is a separate entity due to the special blends required for clean burning. We may never see low fuel prices because of the niche market that out of state refiners do not want to mess with.
More interesting is the little known fact that US oil storage capacity is almost maxed out. If things continue, it will max out in the next 6 to 8 weeks. Been a long time since all of our storage capacity was full up. This will throw a curve ball at the oil traders so there will not be a place to store oil and they will not be able to create a false demand by filling up empty storage tanks.
The oil traders have been trying to bid the price of oil back up as much as possible in order to once again enjoy their obscene profits.
Another report claims the Saudis were watching the Keystone pipeline vote with an eye for profits. When the pipeline did not pass, they raised their prices for crude and the price of oil went up across the board. Amazing how a pipeline vote could change the price of Saudi crude. They must have been scared of what the pipeline could do to oil prices.
Saw another report that showed where we have excess capability to transport oil by rail and a pipeline would not change things in the short term.
Best way to beat the oil traders is to have everyone buy an energy efficient vehicle nation wide and make oil so undesirable for profit that the traders would seek an alternative commodity to manipulate for obscene profits.
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