All Posts from April, 2012
U.S. government confirms petroleum product exports not causing higher pump prices
Posted: April 4, 2012 by Ken Cohen
When the price of gasoline increases, so do the misplaced theories that some commentators use to explain the phenomenon. Some, including Fox’s Bill O’Reilly, have charged large integrated oil companies with manipulating the price of gasoline by purposefully taking gasoline and diesel out of the U.S. market. I recently explained why this analysis is wrong, and now along comes independent verification from the U.S. Energy Information Administration.
