At the same time that the price of gasoline is rising, the US oil industry is increasing its exports of gasoline, diesel, and jet fuel.
Yes, you read that correctly.
Compared to a year ago, exports of gasoline have tripled – at a time when the price of gasoline is 42 cents a gallon more expensive at the pump. On Thursday, for example, the price of crude oil remained elevated at $107 a barrel because of fears over the Iranian nuclear situation, and the price of gasoline rose 3 cents a gallon compared to Wednesday, according to AAA.
The oil industry maintains the exports are necessary because domestic demand is weak.
❞And another one! Yeah, we’re exporting record amounts of American-made gasoline to other countries instead of lowering prices here. Obama’s fault… how exactly?
-Jess
(via stfuconservatives)
