And We’re Paying 3 Bucks a Gallon Because of Demand?

If today’s WSJ article U.S. Nears Milestone: Net Fuel Exporter is correct and in particular the cited data…

…then how is it possible that gasoline prices are still hovering at $ 3 and more a gallon across the United States? hmm?

Now Bloomberg also reports today that Crude Oil Advances as Fed, Central Banks Reduce Swap Rates. This deserves another hmm?

Is someone playing with the USA’s oil reserves as last week US crude oil supplies drop by 6.2 million barrels – Energy Department says US crude oil supplies fell last week, gasoline inventories grew or could it be that some entity other than OPEC is reaping financial rewards as Arab News reported that New oil reserves pose threat to OPEC dominance? hmm?


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