Catch $3.92

High demand: high prices.
Low demand: high prices.

Americans are using so little gasoline that the U.S. has been a net exporter of refined fuels to other countries for the past nine weeks. That's typical for OPEC countries, but it's extremely rare for the U.S. "You have to go back years and years," Kloza said. "I haven't found a time when we've been a net exporter for that many weeks."

Hmm...

Retail gasoline prices are rising in the U.S. even though motorists are buying less. Analysts say they have been pushed higher by a steady rise in international gasoline demand. Americans may be using less, but drivers in developing nations are using more.

I call bullshit.

msnbc.com

3 thoughts on “Catch $3.92

  1. Rob Caldecott

    In the UK the average price of a gallon (approx. 4.5 litres) of petrol is close to £6. That’s about $9.75. Diesel will cost a little more.

    You’ve got it easy yanks!

    1. John Weiss

      Much of the cost of gas in both countries has to do with the taxes on it.

      And, too: Cleek you’re right.

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