Quote Originally Posted by MOTO13 View Post
That's a lame excuse...refinery issues. There is no oil or gas shortage so why would the refineries be impacting the price? Record profits may have a bit to do with it. Possibly building new, more efficient refineries may help, but that's been impossible for the past 40 years. The whole oil industry is baffling to me. The price on a barrel of oil sometimes impacts the gas price and other times...nothing. But the oil companies seem to do ok either way.
You are familiar with supply and demand, yes? You can't take a barrel of oil and plug it into your car. So when the refineries that can take those barrels of oil and turn it into car food, say, catch on fire, are flooded, or are otherwise rendered incapable of operation, the supply of available petroleum products is diminished. Less supply means higher price.