08-21-2015, 10:15 PM
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#13 (permalink)
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Batman Junior
Join Date: Nov 2007
Location: 1000 Islands, Ontario, Canada
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I keep reading 2 things:
- Americans this year are driving more than ever, so demand is up;
- Refinery capacity is limited so there's not as much supply as there used to be. (Apparently refining capacity is way down compared to recent history.)
Also supposedly, a bunch of big refineries are going to be going offline for maintenance soon, which may drive the price of oil even lower (less processing demand), and gasoline higher (less supply).
But that's just what gets reported anyway.
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