Big Oil controls the supply and speculators bet on market instability including fear. To blame President Obama for the high price of gasoline is like dairymen and horse owners blaming the mayor of El Centro for the high price of hay.
… The No. 1 export from the United States in 2011 in terms of dollar value was fuel: gasoline, diesel, jet fuel and ethanol. Exporting Big Oil to the highest bidders reduces domestic supply. For the U.S., less supply and increased demand as the economy improves means higher prices. If there was some way to increase gasoline supply, then, the price of domestic gasoline would stabilize.
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To increase gasoline supply, have trucks convert from using diesel to using cleaner burning liquefied natural gas. Refining oil for gasoline instead of diesel for trucks would increase the supply available for cars. There is a movement in its early years of development to switch trucks to LNG. LNG does not need to be imported because the United States is the “Saudi Arabia” when it comes to the amount of natural gas available.
The future is here for natural gas. Major truck engine builders … are on board. There are a few progressive-thinking companies in Imperial County using LNG trucks to deliver baled commodities to the port of Long Beach for export.
Instead of building the Keystone pipeline so Big Oil can import Canadian oil to be refined and exported to the highest bidder, a more beneficial plan for U.S. taxpayers would be to take that money and convert diesel-burning trucks, trains and electrical power plants to our abundant domestic supply of cheaper and less-polluting natural gas.