re: Gas is no longer close to $5/gallon.....

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And what's the reason for that? I'm sure there's some bullshite arse excuse economists will manufacture.

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Couple reasons:

We are getting less sour crude from Saudi and none from Venezuela. Our refineries, generally, are more efficient at making diesel from those cheaper grades of oil. So they pay more for lighter oil, but get less diesel per barrel.

That is why we were buying russian oil before the sanctions.

Also, these refineries have been investing in Biodiesel. For every dollar invested in biodiesel, you get less diesel, but the refineries make more money with the credits, so the money is flowing there. Making money but not really increasing capacity.

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