In article ,
"HeyBub" wrote:

Bob F wrote:
HeyBub wrote:
And exporting the refined product is a plus. Look how well-off Saudi
Arabia is.

So much for the fantasy of lower prices in the US.

Oil, and oil products, are fungible.

Producing more lowers the price world-wide and that simultaneously lowers
the price here. That's true for gasoline or any product made from oil.

if only this were true. what determines the price, or more properly influences
the price the most is the commodity traders. we know that in the US refinery
capacity is fixed (except for the occassional maintenance and/or explosions), we
know that the demand id mostly fixed and that the only thing that changes
constantly is the price the commodity traders bid it up.