Apr 01, 2014
"Actually, that is logical to me. Not sure I believe it, but it makes sense" After thinking about it, it WOULD and COULD bring prices down, but it would only be temporary at best! Just like drilling more here and elsewhere in the world keeps prices from being higher than where they would be, it would bring prices down but only temporarily. The reason for that is that more refineries in the world would be producing gasoline, diesel and other distillates. But that wouldn't do much for the supply of US produced gas and the price effect would be minimal at best. Plus, as I've said over the last 15 years now, they won't let the price stay low forever. Remember, it WAS 84 cents a gallon in 1999 for a very short period of time and it was $1.49 a gallon in a variety of places in 2009 for almost three weeks before going back up!