Largest U.S. Refinery Expansion Not Likely to Lower Gas Prices

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Its not a lack of refining capacity that is driving higher prices, it is the price of crude oil. East coast refineries are paying $20 per barrel more for crude imported from Europe than gulf coast refineries are paying for crude via Cushing OK. There is currently no mechanism for getting the crude cheaper crude from OK to the east coast. So the east coast refineries shutdown and the gulf coast refineries send products to the east coast via tankers.

Bob of TX 5:32PM April 01, 2012

So what ! !......Walmart's expansion in Europe is not going to lower our shopping prices either. So by your logic we should stop Walmart from expanding or making any more money than they do now. Oil companies should be allowed to expand....as long as they are responsible for any damage they may cause.

Vic of CA 4:22PM March 29, 2012