Finally, the main grade of U.S. crude, West Texas Intermediate, is trading below most other grades of oil worldwide, meaning U.S. refiners are effectively paying more on average for crude oil.ok, IF we take the kvetch there, that these 'other classes' of Oil are making up more of the american market - than our old fashion stand by the West Texas Intermediate....
[ cf Why gasoline prices are rising while oil isn't ]
But upon the first run though, it really did sound like the reason we are paying more for gas is that the cost of using American Oil is down.....
Either way, the main thrust of the article is that the problem is that Gas Prices are no longer really tied to Oil Prices, because of the gamesmanship being played at the refineries to drive down the supply, so that the price goes up....
Hum... what if we were to work on solving that part of the process as well....
