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Old 06-10-2012, 12:27 PM
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retmil46 retmil46 is offline
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Join Date: Jun 2006
Location: Mooresville, NC
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That's an old article from back in March - when oil was still well over $100/barrel and gas pushing $4/gallon.

Take a look at this website -

CRUDE OIL PRICE: Oil | Energy | Petroleum | Oil Price | Crude Oil Charts | Oil Price Forecast

Oil has been under $100/barrel for over a month, and well under $90/barrel for several weeks now - bouncing along around $85/barrel for a couple weeks now.

It's the price differential for the refined products that's interesting - gas and heating oil trading at approx $2.70/gallon - yet the cheapest gas I can find locally is 3.35/gallon regular, and diesel is even worse - 3.70/gallon, a full one dollar markup.

It's not that we're exporting our domestic crude, it's that we're exporting the refined products from such at a frenzied pace.
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Mooresville, NC
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