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Originally Posted by spanky part 2
So what your saying is that the price of gas has nothing to do with the price of oil......brilliant!
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Wrong again...please pay attention...this is what I said.
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...releasing the reserves will have an insignifcant effect at the pumps.
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In addition what is released has to be replaced...which will drive prices up during the period of time that it is being replaced.
What is driving the price of gas is supply and demand. It was reported today that the US currently uses 21 million barrels of oil per day...but our refineries peak capacity is 17 million barrels per day.