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Something interesting is despite recent reductions in the cost to refine taking 2008 as an example our price per barrel is no higher than then but our price per gallon is.
Where does the discrepancy land? Profit and shareholder value.
Our primary “shortage “ right now is strictly in refining capacity which is a manufactured crisis, oil companies have been allowing refineries to go black with no plan to repair or modernize.
They have floated bailouts despite the fact record profits could be used to repair.
BP has had the let it break and pay a fine mentality for decades and has had many complaints from its employees about not repairing broken infrastructure, that tendency is paying dividends right now
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