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Mike Rapoport wrote:
The reality is that the worldwide supply of gasoline is now reduced from what it was last week and therefore gasoline is worth more. The price will rise until demand is reduced to equal supply. It is an inescapable fact. It is really more of a distribution problem than a supply problem. It is a fact that the 20+ different blends required by 20+ different states have drastically reduced the efficiency of refineries and distribution channels. This adds about 20 cents per gallon of cost to fuel. Its like trying to pour W100 down a funnel. |
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