Gasoline pricesIf gasoline prices of $2.00/gal, refined from $40.00/bbl crude oil, are making consumers angry, they should. Consumers need to understand that it may get worse as refineries have been processing heating oil during this cold winter for people on the East Coast and there has not been time to build up gasoline inventories for the driving season. A bulletin from the Department of Energy announcing the possible shortage of gasoline is not what consumers need at this time.What is needed is more domestic supply. In the late 1970s there was a tremendous supply of crude oil on the West Coast, as Prudhoe Bay production from Alaska was delivered to refineries in the states of Washingt...

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