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In reply to the discussion: Why is the price of gas going up? [View all]Spider Jerusalem
(21,786 posts)23. not really
those exports are of oil that was imported in the first place from Mexico or Canada or elsewhere because the US has the refinery capacity. If there were demand in the US it wouldn't be exported; as it is, even allowing for the export of refined products the US is a net oil importer. Not exporting the fuel wouldn't affect prices much if at all because the price is determined largely by the market price of oil and not of refined products like gasoline (and total world demand is still very high).
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I think trying to kill an economic recovery could be part of the reason why.
applegrove
Feb 2012
#32
Well, I'll wager that you will not find demand up this time of year. Also, did you know that "we"
theophilus
Feb 2012
#34
Big oil threatened "Huge political consequences" if Obama didn't approve the pipeline.
tridim
Feb 2012
#5
Very true. Unfortuantely we can't bypass oil this year or next or even in a decade...
spin
Feb 2012
#33
Record exports of refined gasoline and diesel leaving the market for overseas.
Ikonoklast
Feb 2012
#18
We import the crude, refine it, and ship the refined gasoline and diesel to other countries
FarCenter
Feb 2012
#22
Because they want to point their finger at Mr. Obama and yell "IT'S HIS FAULT".
Booster
Feb 2012
#27