Why you pay more for gas

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In 2011, U.S. refiners exported 117 million gallons per day of gasoline, diesel, jet fuel and other petroleum products, up from 40 million gallons per day a decade earlier.

There's at least one domestic downside to America's growing role as a fuel exporter.

Experts say the trend helps explain why U.S. motorists are paying more for gasoline.

The more fuel that's sent overseas, the less of a supply cushion there is at home.

Gasoline supplies are being exported to the highest bidder, says Tom Kloza, chief oil analyst at Oil Price Information Service. "It's a world market," he says.

Refining companies won't say how much they make by selling fuel overseas.

But analysts say those sales are likely generating higher profits per gallon than they would have generated in the U.S.

Otherwise, they wouldn't occur.



http://www.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1
 
More money goes to uncle Sam than the oil company fence repair boy!
Europe pays twice what we do for dirtier fuel!
Thank me later
 
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U.S. refineries exported record amounts of gasoline, diesel and other refined fuels in 2011, as drivers spent a record amount on gasoline, federal records show.

Citing U.S. Energy Department statistics, the Los Angeles Times reported Saturday exports of refined fuels in November and December averaged 2.77 million to 2.89 million barrels a day, the most on record.

The fuel was exported to South America, Central America and Europe, the newspaper said.

U.S. drivers set a record in 2011 as well -- paying an average of about $3.50 a gallon for gasoline.

Friday's national average price for regular gasoline was $3.269, 19.8 cents a gallon higher than the previous record for Dec. 30, the Times reported.

 
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The average price of gasoline rose to $3.06, up 3 cents from the week before, according to AAA gas gauge.


Don’t look to the New Year for cheaper gas prices.


Prices could rise to the $3.75- to $4.50-per-gallon range built on unseasonably high gasoline prices this year.


Onshore drilling rigs have increased from 768 at the beginning of this year to more than 1,100 in early December. That represents a 24-year-drilling rig high, and as a result, crude oil production is rising.


“We actually believe that oil imports have reached a peak in the United States and there will be a steady decline,” Bill Colton, Exxon Mobil’s vice president of corporate strategic planning, said during the presentation of the company’s annual energy forecast.





http://fuelfix.com/blog/2011/12/29/gas-prices-rise-before-the-new-year/
 
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