🚀 go-pugleaf

On Thu, 07 Jun 2007 18:31:38 GMT, trijicon <dev@null.set> wrote:

>Don Homuth wrote:
>
>> Nevertheless, how're you doing with the >$3/gal gas in the meantime?
>> 
>> That's the new price point.  Folks are pretty much used to it now.
>
>So you're going to complain to OPEC??!?

Nah -- the awlbidniss folks are once again reducing refinery capacity
to deal with this unfortunate price drop, so it seems.

http://www.forbes.com/feeds/ap/2007/06/04/ap3786556.html

...There have been large, well-publicized increases in refined
gasoline and other petroleum product prices in April and May. (In
April, regular gasoline prices rose 11 percent at the pump and a
further 10.6 percent in May, according to the Energy Information
Administration. Prices at the refinery gate aren't available, but EIA
estimates that 78 percent of the price at the pump reflects the cost
of crude and refining, exclusive of taxes, distribution costs and
profits.)

One likely explanation for the decline in the value of shipments from
refineries in April is that output volumes declined. That explanation
looks more plausible when it's recognized there were three new
refinery shutdowns in Indiana, Texas and Oklahoma in April.....

But then, as the article points out, it all depends on who's doing the
reporting of what numbers.  They vary.

So for the awlbidniss corporations, higher here and lower there -- it
all averages out, and remains high regardless.

So...

http://online.barrons.com/google_login.html?url=http%3A%2F%2Fonline.barrons.com%2Farticle%2FSB118015895763115689.html%3Fmod%3Dgooglenews_barrons

...Last month, at least four U.S.-based oil refineries unexpectedly
had major operational problems. Gasoline inventories continued to
decline to levels well below the five-year average....

Leading anyone who ever took a course in Economics to quite
surprisingly conclude that as supply drops, price also automatically
drops as the result of The Invisible Hand.

OK -- whoever buys that, I have some investment quality diamonds in
the trunk of my car to discuss with you.