Gasoline May Be Cheap But Not For You

bloomberg.com: Oil's Worst-Ever Summer Signals Price Rout Is Nowhere Near Done-- "Crude could fall to $10 a barrel as the Organization of Petroleum Exporting Countries engages in a "price war'' with rival producers, testing who will cut output first, Gary Shilling, president of A. Gary Shilling Co., said in an interview on Bloomberg Television on Friday."

No Soup For You!
For those who just fell off the turnip truck yesterday let me explain.

These prices will never be reflected at the pump. Whenever prices drop big oil takes their refineries offline for whatever excuses they can come up with. Thus consumers will never see the benefits of these drop in oil prices.




Don't Believe Me?
08/13/2015- Indiana: Indiana Refinery Offline; Midwest Gas Prices On The Way Up
08/13/2015- Oklahoma: Perfect storm squeezes Oklahomans as gasoline prices soar despite low cost of crude
08/13/2015- Michigan-- Refinery outage fueling gas price jump
07/14/2015- California: "Southern California motorists are grappling with spiking gas prices yet again as a result of tight inventories and ongoing problems at the ExxonMobil refinery in Torrance."

I don't care if oil went to a buck a barrel we're still not going to see these prices reflected at the pump. These oil companies are pocketing not only the money made from cheap oil prices, but not having to spend on what refineries cost to produce it.

The long and short of this is. They have it.. drivers need it. You'll pay whatever they want you to pay.. PERIOD. And there ain't anything anyone can do about it. Forget about supply and demand economics. It doesn't apply here. So much for the arguments of those in support for unbridled 'free capitalism'.