But here it is, without being a Financial Scholor, i can kinda understand but at the same point, some Reasons for increases and stuff said in this article will sound Incredibly LUDICROUS!
but ive already come to the notion that this year, be ready for 3.50-4$ a gallon.
http://biz.yahoo.com/cnnm/080311/031008_gas_prices.htmlOne of the points most Ludacrus is this... from the URL
But as oil prices rose gasoline prices stayed stagnant and profit margins enjoyed by refiners shrank. Now those profit margins have become so small refiners have little incentive to make gasoline.
"The refiners are saying, 'Hey we're not making any money,'" said Tim Statts, vice president of risk management for Summit Energy, a firm that buys energy for big users. "The gasoline price almost has to come up to continue bringing the product to market."
According to John Kilduff, an energy analyst at the trading firm MF Global in New York, refiners are making about $6 off of every barrel of oil they turn into gasoline. That's down from over $38 a barrel last spring.
Refiners are operating at just 85%capacity, down from a normal rate of around 90%, according to figures from the Energy Information Administration.
If Our refiners refine more OIL Oil would be cheaper, .... JUST make oil for the good of the country for crist SAKE.